Newbridge Global Sourcing (“Newbridge”), a leading alternative capital provider, has hired Sam P. Gilliss, CPA, as an Associate of Credit and Underwriting. He will be responsible for evaluating and underwriting supply chain, receivables, and asset-based lending facilities. Newbridge continues to add talented professionals in order to enable SMEs and large enterprises to grow through unique funding solutions. Prior to joining Newbridge, Mr. Gilliss was a member of Alvarez & Marsal’s Valuation Services group. He provided a full suite of valuation services to institutional clients in the areas of financial and tax reporting, complex financial instruments, illiquid securities, and private equity.
Newbridge announced a $50 million partnership with a Canadian-based originator of receivables. The technology-enabled specialty lender provides receivables financing to companies with strong end-debtors. The partnership expands Newbridge’s scale and diversifies its customer base and sector exposure.
Newbridge recently provided a $40 million receivables financing facility to a telecommunications equipment manufacturer headquartered in Mexico. The manufacturer is the largest provider of mobile telecommunications equipment with strong end debtors such as AT&T.
Newbridge announced an expansion of its service offering to include Accounts Receivable Financing and Asset-Based Lending in response to market need. With complementary products, Newbridge offers clients maximum funds available while helping them improve supplier relationships.
Newbridge recently provided $30 million in supply chain financing to clients throughout North and Latin America, Europe and Asia. Clients included a Florida-based distributor of luxury consumer products, a Latin American snack food manufacturer and a New York-based pharmaceutical distribution company, among others.