.
MergerLinks Header Logo

New Deal


Announced

Completed

BlackRock and CPPIB led a $187m Series C funding round in 10x Future Technologies.

Financials

Edit Data
Transaction Value£132m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Acquisition

United Kingdom

customer-user interaction

complex data systems unification

digital platform

Digital Services

Cross Border

Minority

Private

Private Equity

Venture Capital

Completed

Single Bidder

Synopsis

Edit

BlackRock, an investment management corporation, and Canada Pension Plan Investment Board, a global investment management organization, led a $187m Series C funding round in 10x Future Technologies, a B2B technology company, with participation from JP Morgan Chase, Nationwide, Ping An and Westpac. “We have been impressed with 10x’s strategy and ambition to play a key role at the heart of transformations taking place in financial services, driven by technology innovation, consumer expectations and regulatory reform. We are excited to be investing in the business as it scales into new markets," William Abecassis, BlackRock Head of Innovation Capital.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US