working capital funding

BSC assists clients with working capital funding solutions for the ownership, acquisition or development of cash generating assets. As business owners ourselves, we understand the difficulties of running a business. Most of us will experience a cash flow challenge at some point causing us to miss out on an opportunity or adding pressure to our business. BSC will advance a cash lump sum based on your sales or services and outstanding invoices. We offer SME’s that supply goods and services to large corporates with invoice financing and other working capital finance facilities, from R250,000 to R5 million.

corporate debt

BSC, in a joint initiative with Prescient Securities, has established a platform for the origination and placement of unsecured corporate debt. The focus is on short-and long-term debt issued by listed corporates. This platform provides corporates with the ability to broaden their access to debt funding beyond the traditional banking sector to the large pools of capital managed by institutions such as pension funds, asset managers and life insurers, without the onerous requirements of listing corporate paper. Institutional funders, in turn, get access to a wider diversity of credit assets and the potential to obtain enhanced returns.

Depending on our corporate clients’ preferences we place the debt either through a limited private placement or via a traditional auction process.

This initiative is in keeping with the economic and regulatory impetus for some lending business to shift from the banks, facing increasingly onerous regulatory capital requirements, to the institutions with a broadened scope to invest in credit assets due to the relaxation of certain prudential investment guidelines.

supply chain and working capital finance

BSC assists clients with working capital funding solutions for the ownership, acquisition or development of cash generating assets. We focus on freeing up cash for suppliers and corporates without incurring additional debt. BSC in partnership with Orbian a world leading supply chain finance company, offers large South African corporate clients and their suppliers with supply chain finance and working capital solutions. The combination of Orbian's award winning supply chain finance platform and BSC’s debt capital markets understanding and structuring experience, enables us to develop bespoke solutions for our clients’ specific requirements.

Our established relationships with insurance companies, fund managers, foreign and domestic investment banks, commercial banks, mezzanine funds and development funding agencies, established over many years in the financial markets, allow us to obtain the most competitive terms and reliable execution for our clients. Our independence gives clients the assurance that we consider all alternatives purely against our clients’ requirements without any bias towards an in-house offering.

• A secure, automated and cloud based supply chain finance (SCF) program from Orbian that offers early payment options to suppliers of large corporate companies. Orbian was named Best Global Supply Chain Finance Company – Non Bank (Global Finance Magazine) in 2016 and 2017.
• Invoice discounting
• Structured trade and commodity finance
• Funding for the acquisition of commercial property;
• Capital raising for businesses against their property assets;
• Refinancing of commercial property; and

BSC arranges funding across the full capital spectrum including senior and subordinated debt, mezzanine debt and equity. Debt types and terms vary and include fixed rate debt, floating rate debt, amortising repayment profile, bullet repayment profile, no recourse debt, limited recourse debt, and so on.

commercial property

BSC provides services to the following client types:

• End users requiring premises;
• Developers;
• Property owners; and
• Investors.

BSC, in partnership with leading property developers and construction companies, offers end users turnkey solutions to satisfy their requirements for new opportunities. Some of the key end users we focus on are retail groups, healthcare providers, light industrial users and corporates looking for single tenanted offices.

BSC partners with property developers to structure the financial aspects of the project and arrange the required funding.

Utilising our strong funding business, BSC assists property owners in refinancing individual properties or property portfolios. The benefits to our clients include:

• Lower interest rates;
• Higher loan to value ratios; and
• Releasing credit lines with commercial banks.

As a natural consequence of our business, we encounter attractive property investment opportunities. BSC has strong relationships with a number of property investors with whom we place or partner on these opportunities.

derivative solutions

The BSC team has extensive experience in utilising derivative instruments to assist clients with a range of financial risk management and investment objectives. Our services range from helping corporate clients manage their interest rate and currency exposures to structuring investment products for pension funds. Our independence ensures that our clients achieve the most competitive terms from the full range of domestic and foreign investment banks.

We pride ourselves on our ability to explain derivative instruments and solutions in understandable terms thereby empowering our clients to make well informed decisions.

advisory services

In addition to the advisory work we do in our other lines of business, BSC provides advice on an ad hoc basis in the following areas:

• Creating shareholder value for our clients on Merger and Acquisition related transactions;
• Structuring and funding of Black Economic Empowerment transactions;
• Structuring of employee share incentive schemes;
• Structuring of corporate transactions to ensure tax efficiency; and
• Hedge fund advisory work in partnership with our strategic shareholder, Kirkham Capital.

3 June 2016 - Press Announcement, Business Day

Gert Viljoen, founder and executive director of Kirkham Ventures, announced this week in Cape Town that the company will officially be changing its name to Bree Street Capital (BSC) as of 01 June 2016. The decision follows a partial buyout by management of shares from the original capital providers, Kirkham Capital. Kirkham Capital will continue to be associated with Bree Street Capital as a minority shareholder. Iain Catterall, CEO of Kirkham Capital: "This has been a productive first seed investment for Kirkham Ventures and it has been particularly rewarding to watch the team mature into a self sustaining and profitable business. We look forward, as shareholders, to playing a role in Bree Street Capital’s growth in the future."

Viljoen stated that the company is appreciative of Kirkham Capital's support since inception of the business and looks forward to their ongoing involvement in Bree Street Capital. Viljoen explained that the new name would reflect the genesis, the evolving focus and core business of the company, adding, "that the company has grown into a meaningful financial services player in the South African corporate debt capital markets. In conjunction with our strategy to become a more diversified financial services business, we have been pursuing the development of a strong corporate identity that will more accurately represent our company and its products & services to our clients and prospects. While our company name is changing, all core elements of the business will remain the same - over the years we have distinguished ourselves by our independence, track record and quality service delivery and look forward to this new, exciting phase in the development of the company." Along with the name change, the company adopted a new corporate identity, including a new logo and visual identity. The changes are effective immediately, and all future business activity will be undertaken with the new name.