Finacity forms Finacity Capital Management
Client(s) Finacity Corporation
Jones Day advised Finacity Corporation, a specialty finance company, in connection with its formation of Finacity Capital Management (FCM), a new business designed to facilitate efficient processing of trade receivables as well as access to the securitization markets for companies with smaller portfolios of receivables. FCM was initially capitalized with $50 million and will fund transactions in the range of $5 million to $25 million for clients in the small to midsize sector.