Inflexion-backed Global Reach acquires FC Exchange

Upon completion of the deal, the consolidated group will expand its product offering into the consumer market and increase its headcount from 100 to around 170.

The transaction marks the first acquisition for Global Reach since Inflexion backed the management buyout of the business in March 2016.

The bolt-on acquisition comes shortly after Inflexion completed the tertiary buyout of corporate travel company Reed & Mackay from ECI Partners and Livingbridge.

Company
Founded in 2005 and headquartered in London, FCE is an international money transfer and payments company. Following the merger of the two businesses, Global Reach will increase the aggregate value of its FX transactions from £3.5bn to £5.5bn.

People
Inflexion - John Harper (partner).
Global Reach - Mark Smith-Halvorsen (CEO).
FCE - Nick Fullerton (CEO).

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