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FT Partners Advises Helios Investment Partners and Crown Agents Bank on the Acquisition of Segovia

Overview of Transaction

  • On April 4, 2019, CABIM Ltd, the parent company of Crown Agents Bank (CAB), announced its acquisition of the enterprise business and payment gateway product of Segovia, a US-based technology company focused on frontier market payments
  • Headquartered in London, UK, CAB has been a trusted partner to frontier market central banks and financial institutions for decades given its deep expertise in these markets
  • Serving a wide network of partners across Africa, the Caribbean, Asia and the Pacific Islands, CAB now offers a range of solutions encompassing foreign exchange, international payments, pensions, payroll payments and trade finance
  • CAB was acquired by funds managed by Helios investment Partners in April 2016 and has experienced two consecutive years of over 50% revenue growth, processing more than $15 billion in FX transactions
  • CAB and Segovia have worked together since 2017 and have a shared mission to make payments to and from frontier markets easier, faster, more secure and cost-effective

Significance of Transaction

  • The transaction will enable CAB to extend its payment network and integrate Segovia’s modern payments infrastructure with CAB’s comprehensive FX capabilities
  • Furthermore, CAB can provide a uniquely scalable, flexible and efficient payment solution for global businesses transacting with frontier and developing markets

FT Partners' Role

  • FT Partners served as strategic and financial advisor to Helios Investment Partners and CAB
  • This transaction underscores FT Partners’ expertise in buy-side advisory across a broad range of payments companies