Singapore-based digital SME financing platform Validus Group has secured a total of $17.57 million in debt financing from Oikocredit and FMO to support small and medium-sized enterprises (SMEs) in Indonesia. Oikocredit has provided a $2.57 million loan to Validus' Indonesian subsidiary, Batumbu, while FMO has provided a $15 million facility to support the underserved segment of MSMEs in Indonesia. The funding will enable Batumbu to expand its reach and support more local businesses, addressing the significant SME funding gap in Indonesia. Batumbu will use the funding to bridge the financing gap faced by SMEs and drive economic growth and sustainable development in the region [2cc09ac1].
Stonebriar Commercial Finance has closed a seven-year CAD$130 million term loan for a leading provider of specialty industrial and environmental services. The loan is secured by all fixed assets of the company and is part of a leveraged buyout. This is the second deal closed with the company's sponsor in the last 12 months, totaling CAD$186 million. Stonebriar, based in Plano, TX, originates and services lease and loan products secured by essential income-producing assets across various sectors [a08554af].