Inflexion-backed Global Reach acquires Encore FX’s Canada operation

The acquisition provides Global Reach with a presence across Canada with branches in eight locations.

On 30 March 2020, Encore FX filed an assignment in bankruptcy in Canada. EY was appointed as the licensed insolvency trustee.

In 2016, Inflexion invested in Global Reach to support its expansion plans. It now has operations in six countries, including the UK, the Netherlands, Spain, Cyprus and South Africa.

Company
Encore FX was launched in 2015 and is headquartered in Victoria, Canada. It has 150 employees around the world and has eight location in Canada. It offers international payments, online dealing and risk management services.

People
Inflexion Private Equity – Simon Turner (managing partner).

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• Topics
• Expansion
• UK / Ireland
• Financials
• United Kingdom
• Buy-and-build
• Build-up
• Inflexion Private Equity