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Arrowpoint Advisory's Business Services team has advised the private equity backers of bfinance International, including The Carlyle Group and Net Partners, on the sale of the business to a management buy-out led by CEO and Founder David Vafai. The deal was funded by management and BMS Finance.
Founded in 1999, bfinance is an independent financial services consultancy to the world's leading CFOs and CIOs. Its Investment Consulting practice focuses on the search and selection of investment managers. The Corporate Banking Advisory practice focuses on search and selection of banking solutions.
With its unique business model, bfinance has enjoyed year-on-year growth of +30% over the last five years. Today, the business has clients in over 20 countries worldwide and has operations in London, Paris, Munich, Milan, Montreal and Toronto.
The transaction provided an exit for the original investors, and, following the sale of Sustainable Finance to PwC in December 2008, represents Arrowpoint Advisory's second financial services consultancy deal in the last few months.