Announced
Completed
Financials
Sources
Tags
Completed
Acquisition
United Kingdom
Private
payment processing
Friendly
Private Equity
Payments / Commerce
Synopsis
Equistone acquired Small World Financial Services, a leading international, UK-headquartered, multi-channel, cross-border payment service provider. Financial terms were not disclosed. Andrew Backen, Partner at Equistone Partners Europe, commented: “Small World is a well-positioned, strongly growing business led by a talented and experienced management team. Demand for cross-border payments is increasing due to macro-demographic trends, and Small World's high-quality customer proposition and scalable business model position it to achieve further organic and acquisitive growth. Equistone has a successful track record of investing in financial services businesses in the UK and internationally, and we are excited about working with Nick and his team to support the Company's continued development.”
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