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New Deal


Announced

Completed

SRAM & MRAM led a $100m round in 5ire.

Financials

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Transaction Value£84m
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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Friendly

Acquisition

Private Equity

Domestic

Venture Capital

Single Bidder

FinTech

blockchain software

United Kingdom

Completed

Minority

Private

fintech

Synopsis

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SRAM & MRAM, a conglomerate, led a $100m round in 5ire, a blockchain network. "The Far East is very proactive and keen on adopting blockchain, like Malaysian Immigration and The Health Card app. We feel entry into the market with a layer 1 partner which is sustainable is ideal and 5ire being a sustainable blockchain is perfect for us. This will benefit our group to communicate on blocks as we deal with various countries and have offices in over 8 countries," Sailesh Hiranandani, Sram & Mram Founder and Chairman.

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