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New Deal


Announced

Completed

Lone Pine and D1 Capital led a $319m funding round in TransferWise.

Financials

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Transaction Value£247m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United Kingdom

Acquisition

Private Equity

FinTech

Friendly

electronic payment services

financial service providers

Completed

foreign exchange trades

Minority

foreign exchange facilitator

Private

Single Bidder

Venture Capital

Synopsis

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Private equity firms Lone Pine Capital, and D1 Capital Partners, led a $319m funding found in TransferWise. The round also saw investment from existing investors including Vulcan Capital, LocalGlobe, Fidelity, and Baillie Gifford. "We’ve been funded exclusively by our customers for the last few years and we didn’t need to raise external funding for the company. This secondary round provides an opportunity for new investors to come in, alongside rewarding the investors and employees who’ve helped us succeed so far," Kristo Käärmann, TransferWise Co-Founder and CEO.

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