Beequip raises €500m in equipment lease securitisation

Beequip, the Netherlands’ largest independent equipment leasing provider, has completed its first public asset-backed securitisation (ABS) transaction, raising €500 million to expand financing options for small and medium-sized enterprises.

The deal, named HIVE 2025-1, marks the first public European ABS backed by leasing contracts for cranes, containers, maritime, construction and transport equipment.

The Rotterdam-based lender said the transaction strengthens its ability to support more entrepreneurs seeking funding for heavy equipment essential to their growth.

“For many entrepreneurs, access to financing remains a challenge,” said Bas Bennebroek, CFO of Beequip. “With this transaction, we can support even more SMEs in financing the equipment they need to grow further.”

The milestone coincides with Beequip’s tenth anniversary. Since its launch, the company has financed more than €4 billion in equipment across transport, construction, agriculture and maritime sectors, supporting customers in the Netherlands, Europe and North America.

Beequip distinguishes itself with its ‘equipment first’ lending model, focusing on the value of the machinery and the growth plans of entrepreneurs rather than solely on traditional financial metrics. “With this approach, we help entrepreneurs grow in a practical and scalable way,” Bennebroek added. “Thanks to this new financing, we can further expand our services and provide entrepreneurs with smart leasing solutions even faster.”

The innovative structure of the ABS transaction – also built on the ‘equipment first’ principle – has already earned industry recognition, winning Private Securitization Deal of the Year at the GlobalCapital European Securitization Awards earlier this year.

Beequip was legally advised by Paul Hastings and Simmons & Simmons. The transaction was structured by BNP Paribas, BofA Securities and Citigroup Global Markets as Joint Arrangers and Joint Lead Managers, with Hogan Lovells advising them. Apollo Capital Solutions Europe acted as Co-Manager, while Redding Ridge Asset Management served as Structuring Agent.