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Announced

Completed

OFX completed the acquisition of Firma Foreign Exchange for $70m.

Financials

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Transaction Value£55m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA9x
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Canada

Financial Data and Systems

foreign exchange trades

Acquisition

Cross Border

Majority

Private

Completed

Friendly

Synopsis

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OFX, a low-cost international multicurrency payments provider, completed the acquisition of Firma Foreign Exchange, a global foreign exchange service provider, for $70m. “We’re excited to complete our first major acquisition, and to welcome our new clients and colleagues. As we bring our businesses together, our first priority will be ensuring there is no disruption to Firma clients or employees. We look forward to building on our collective strengths and excellent service culture by enhancing the experience for clients with our digital capabilities," Skander Malcolm, OFX CEO and Managing Director.

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