Announced
Financials
Sources
Tags
fintech solutions
Acquisition
Majority
Friendly
FinTech
Pending
fintech
Private
Private Equity
Canada
cryptocurrency exchange
Data Centers and Hosting
Single Bidder
Synopsis
Argo Partners, a private equity firm, offered to acquire the collapsed cryptocurrency exchange QuadrigaCX. Financial terms were not disclosed. “We offer an upfront, guaranteed payment and also the ability to share distributions if they go above a certain point. Given the unknowns in a case like this, we have found it useful to offer creditors deals that lock in rates of recovery early in the case while also protecting themselves from the case taking a turn for the better,” Jonathan Maruri, Argo Head of Trading.
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