Simons Muirhead & Burton have advised the shareholders of Frontierpay International Group Limited in their acquisition by Ebury Partners. Frontierpay, the specialised currency exchange provider, are experts in offering foreign exchange services to medium and large businesses, non-governmental organisations and government agencies. Ebury Partners, one of Europe’s largest fintech firms, also offer foreign exchange services and trade finance to SME’s, aiming to make it simpler for businesses to trade globally.
Frontierpay was established in 2009 and its management team is led by Owain Walters, Rob Munro, Sam Bennett and Nat Davison. Frontierpay also operates in Singapore, extending Ebury Partners’ footprint in the Asian region alongside its new Australian office.
Owain Walters, CEO of Frontierpay said: “This is a significant milestone for our business and we are delighted to be joining a like-minded minded company with a strong cultural alignment. Access to Ebury’s platform and services will allow our already-strong growth rate to accelerate and give our existing clients the benefit of its unique cross-border transaction services, wider geographical coverage and a large dedicated technology team to drive our product development.”
The deal was led by Partner Peter Weiss from our Corporate, Commercial and Finance team. Peter was assisted by Senior Associate Prasan Modasia, Associate Sascha Silberstein and Partner in the Employment team, Tamara Ludlow.
We would like to wish Frontierpay every success in their future with Ebury Partners group. For more information on this deal, take a look at the following links: