Hong Kong, October 15, 2013 — 1 East West Limited, a provider of innovative supply chain finance solutions with a focus in Asia and operator of SCFExchange.comTM, has agreed to be acquired by Seabury Capital LLC, a New York-based global investment bank, advisory and IT software group with over 250 people in 10 offices on four continents.
SCFExchange.com will be rebranded as SeaburyTFX.comTM. 1 East West Limited will operate as Seabury TFX (HK) Limited, a subsidiary of the Seabury Capital. The company’s main office will be based in Hong Kong. Seabury TFX is a global trade finance exchange platform that provides trade finance solutions to companies and financial institutions. Robert Lin, founder and chief executive officer of 1 East West Limited, will continue as president and CEO of Seabury TFX.
According to Lin, “This is an exciting time for the company. We have brought together expertise in supply chain e-invoicing technology and finance availability to roll out a global platform for trade finance. Our solution is designed to benefit both suppliers and buyers that are active in the trade and supply chain finance markets. It enables them to better manage risk and automate their transaction process. With Seabury as our parent, we gain the support and expertise of a global firm possessing a proven track record for its structuring capabilities and its access to capital to fund e-invoices. Furthermore, Seabury’s proven Contract Performance Analysis System (CPAS)TM will be delivered across the global e-invoicing network to optimize savings to both suppliers and buyers.”
John E. Luth, founding partner and chief executive officer of Seabury Capital and chairman of the board at Seabury Trade Finance Exchange/1 East West, says, “The acquisition is a natural extension for the Seabury Capital of companies. We see tremendous potential for combining experience across the fin-tech and financial services sectors. We are glad that we can provide senior managerial and operational expertise providing capital liquidity to the trade finance market. Over the years, we have built practices in receivables finance, insurance knowhow, the leading global trade databases, logistics consulting and analysis, contract performance analysis systems and foreign exchange platforms. The acquisition of 1 East West adds a network of e-invoicing clients to our existing base of multi-national companies that have trade and supply chain finance needs.”
Margaret L. Chan, managing director at Seabury Capital and vice chairman at Seabury TFX adds, “I have worked and known Robert professionally for over a decade. We plan to bring transparency to the factoring market by making available not only invoice discounting to true SMEs via our e-invoicing partner networks, but also with non-bank financing. Eventually we plan to roll out alternative financing means to complement the non-bank liquidity providers.”
SeaburyTFX.com is a platform focused on providing finance facilities for companies involved in cross border trade. The Exchange automates and provides trade finance programs for small and large companies around the world. SeaburyTFX.com is particularly focused on fast-moving industries where high frequency orders and shipment cycles require the combination of an automated technology solution for finance. For more information, please contactsales@seaburyTFX.com.
About Seabury TFX (HK) Limited
Seabury TFX provides innovative trade finance solutions for corporates and financial institutions. We are able to provide new sources of capital to corporates by harnessing the power of technology and leveraging automated and transparent data models that are understandable to financiers. On SeaburyTFX.comTM, each trade finance transaction is qualified and processed utilizing tools for data source validation and risk management. We are a subsidiary of Seabury Capital. For more details, please visit us at www.seaburytfx.com
Seabury is a global advisory and investment banking firm with over 250 professionals based in 14 countries on five continents, including six offices in the United States, providing clients a comprehensive approach to driving business solutions, no matter how complex or challenging the issues. Seabury provides investment banking and merchant banking, management consulting, enterprise MIS software solutions, structured investment products, FX trading software, trade finance solutions, and human capital advisory services to clients in the following industries: aerospace, automotive, aviation, cargo/logistics, explosives/mining, financial services, gaming, hospitality, infrastructure, insurance, manufacturing, maritime/offshore oil & gas exploration, metals processing, mining, private equity, debt and hedge funds, real estate and travel.
Seabury professionals are a unique combination of top-tier bankers, consultants, software solutions experts, and former industry executives that provide in-depth advisory services to effectuate enterprise-wide change. Since 1995 Seabury’s professionals have advised on over 900 client engagements globally including assignments involving negotiating new or existing aircraft orders totalling over $250 billion (list prices) and structuring over $80 billion of equity and debt capital transactions. Additionally Seabury served as investment banker and restructuring advisor for 10 of the 15 largest airline turnarounds, including restructuring over $100 billion of debt and lease transactions.
Seabury has increasingly broadened its global businesses to include structured finance products, enterprise software, and trade finance services. Seabury is a global leader in providing software tools and data products covering aviation, aerospace, cargo/global trade, FX trading and human capital. Seabury has developed world-class, enterprise-wide MIS systems that can extract information, manage contracts, and evaluate data across an array of IT systems delivering real-time analysis and executable information. In 2013 Seabury acquired FXone Ltd., a leading provider of new software tools and enterprise software for market makers, brokers and traders for FX trading based in San Francisco which has been renamed Seabury Financial Solutions LLC, and 1 East West Limited, a provider of innovative supply chain finance solutions, based in Hong Kong, which has been renamed Seabury Trade Finance Exchange Ltd.