LONDON, UK -- 03 March 2011: GE Capital announced today that it has provided Targus Europe Limited with £13 million financing facility. The facility will be used to support the businesses' on-going growth strategy in the UK.
Targus Europe Limited (Targus) is the European division of Targus Group International Inc, a global supplier of notebook carrying cases and accessories. Founded in 1983, Targus Inc's headquarters are located in Anaheim, California, with offices worldwide and distribution agreements in more than 100 countries.
Michael Dunne, Finance Director, Targus Europe Limited commented: "We are pleased to be working with GE Capital on this financing. The GE Capital team demonstrated a thorough understanding of our business requirements and flexibility in developing a financing solution that leverages our key European assets to support the growth of our global business."
Alex Bryant, Director, GE Capital said: "We are delighted to work with the management team at Targus. We appreciate their desire to advance in their market place and to this end, worked with them to tailor a solution that was very specific to their needs as a global business. We look forward to a successful partnership with the Targus Team."
GE Capital is one of Europe's leading providers of asset based lending. The company provides more than £100 million of financing to European SMEs every day. In the UK alone, GE Capital provides the financing and support to enable more than 90,000 companies successfully run and manage their on-going operations and invest in future growth.
-ENDS-
Michael Goodbody
GE Capital EMEA
[email protected]
+44-207-302-6269
+44-7899-808-239