First Brands Demise Forces Lending Firm Raistone to Seek Rescue

The trade finance platform Raistone is looking to sell itself after the collapse of its biggest client, auto-parts supplier First Brands Group.

Raistone said it is “evaluating strategic alternatives” due to the “liquidity strain” it has faced since the demise of First Brands, according to an investor presentation reviewed by Bloomberg.

Potential bidders were asked to indicate their interest in an outright sale or an equity recapitalization by Oct. 31. It is not clear what has happened since that deadline. Raistone did not immediately respond to a request for comment.

Raistone operates a platform that connects manufacturing firms like ...