Management buy-out of Global Reach backed by Inflexion
Arrowpoint Advisory's Financial Services sector team has advised Global Reach Partners Ltd, a leading UK foreign exchange specialist providing payments and hedging services to businesses and private individuals, on a management buy-out, backed by Inflexion Private Equity.
Global Reach helps clients manage their foreign exchange exposure through a range of hedging strategies, tied to fundamental business needs, and delivered through many products including spot payments, forward contracts and options in over 150 currencies.
The company transacts 3bn of foreign currency each year, through its team of over 85 expert traders and support staff based in London. Inflexion is backing the existing management team to continue to grow market share and execute a buy-and-build consolidation strategy in the UK FX sector.
Mark Smith-Halvorsen, co-Founder of Global Reach Partners, said: “It has been a great fifteen years and we are delighted to be embarking upon this new chapter in the history of Global Reach Partners. We will build on the existing strengths of the business and will invest in people, technology, products and services to improve the value we offer to existing and new clients to achieve strong growth.”
“Our work with Arrowpoint Advisory to find the ideal commercial partner, was not only successful, but productive in so many other ways. They helped us shape and prepare our business to prosper moving forwards, and their expertise meant that they were able to add value to Global Reach Partners all along the way. I would like to sincerely thank the deal team we worked with, who offered us invaluable support and advice throughout the process and would not fail to consult them in the future.”
James Lever, Managing Director at Arrowpoint Advisory commented: “We are delighted to have advised the GRP team on this transaction. GRP has built a very strong position in the growing corporate FX market, based on leading service levels and investment in technology. With Inflexion's backing, Global Reach now has a fantastic platform from which to realise its ambition of future growth and development.”