Global Reach Partners, backed by Inflexion Private Equity, provides payments and hedging services to business and private individuals, transacts over £3.5bn of foreign currency annually, and through its team of over 100 traders and support staff based in London. The transaction will increase currency turnover to over £5.5bn per year and result in a combined team of 170 employees.
The acquisition of FC Exchange allows Global Reach Partners to build scale and add capabilities in the international payments market. FC Exchange’s predominantly private client business is a perfect complement to Global Reach Partner’s mainly corporate client revenue stream, with the goal of combining the two businesses to create a leading foreign currency payments company.
IMAS advised FC Exchange from the first approaches by interested parties through to the successful completion of the transaction, including advising the board on the range of alternative options available to the group and assisting in the negotiations with the preferred party.