Inflexion picks up Global Reach

Inflexion has backed the company's existing management team to increase market share and carry out a buy-and-build strategy as it looks to consolidate the UK forex segment.

Company
Global Reach manages the foreign exchange exposure of its corporate clients through hedging strategies. These are delivered though products including spot payments, forward contracts and options in more than 150 currencies. It transacts around £3bn of foreign currency each year.

Founded in 2001, the company employs 85 traders and support staff based in London.

In 2014, Global Reach reported turnover of £1.8bn – including the company's trading volume – and profit of £7.2m.

People
Inflexion Private Equity – John Hartz (managing partner); John Harper (partner); Ed Harper (investment director); George Collier (investment executive).
Global Reach Partners – Mark Smith-Halvorsen (co-founder).

Advisers
Equity – Eversheds (legal); Deloitte (financial due diligence).
Company – Kingsley Napley (legal); Livingstone Partners (corporate finance).

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• Topics
• Buyouts
• UK / Ireland
• Financials
• Inflexion Private Equity
• United Kingdom