Fasanara Capital Provides €250 Million Working Capital Facility to Job&talent in Partnership With Barclays

Fasanara Capital, the alternative credit specialist with over $4 billion in assets under management, is pleased to announce today the provision of a €250 million working capital facility to Job&Talent, a world-leading marketplace for essential work, in partnership with Barclays. This facility, structured as a trade receivables securitization, will support Job&Talent’s growth as a world-leading digital marketplace for essential work.

This significant financial milestone marks a new chapter in Job&Talent’s growth trajectory, as it allows the company to streamline multiple existing facilities into a single efficient global working capital financing line, greatly supporting the company’s long-term growth.

The trade receivables securitization is a strategic financial vehicle that enables businesses like Job&Talent to leverage the time gap between paying workers’ salaries and collecting payment from clients. By having a strong working capital facility in place, Job&Talent can achieve sustainable growth as the company continues to enhance its service and product offerings. The new financing facility has an initial term of three years, with two optional extensions.

Patrizia Lando, Head of Capital Markets at Fasanara Capital, commented: “We are excited to support Job&Talent’s continued growth with this working capital facility. This deal not only enables Job&Talent to scale more efficiently, but also reinforces Fasanara’s commitment to providing innovative financial solutions to empower businesses that power the real economy. By enabling access to flexible working capital, we continue to bridge the gap for businesses seeking sustainable growth, especially in today’s fast-evolving economic landscape.”

Juan Urdiales, Co-Founder and Co-CEO at Job&Talent, added: “With the new facility, we are able to achieve further business growth and scale our operations efficiently. It not only highlights Job&Talent’s financial strength and stability, but also reflects the confidence and trust that our financial partners have in our business model and growth prospects. We are committed to continuously driving innovation in the temporary staffing industry, while delivering exceptional value to both our clients and workers.” 

PJT Partners acted as financial advisor in the transaction. Linklaters, Mayer Brown and Hogan Lovells acted as legal advisors in the transaction.