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FT Partners Advises OzForex on its A$480,000,000 Sale & IPO

Overview of Transaction

  • OzForex Group ("OzForex") completed its Sale & Initial Public Offering and began to trade on the Australian Stock Exchange ("ASX") under the ticker symbol OFX on October 11, 2013
  • A$439 mm offering, valuing the equity at A$480 mm
  • Stock closed first day of trading up ~30%
  • Prior to the offering, OzForex was owned by Accel Partners, The Carlyle Group, Macquarie Bank and other founder / private investors

Significance of Transaction

  • Transaction was a sale of ~100% of the value of the company to a "club" of institutional investors, followed by an IPO, the largest IPO of an Australian company in 2013 to date
  • Highly innovative "club-deal" structure allowed for reduced risk and certainty for existing investors
  • Investors given the ability to sell ~100% of their interests in the Company; certain investors chose to retain a small portion of their shares

FT Partners' Role

  • FT Partners served as exclusive Financial, Strategic and IPO Advisor to OzForex and its Board of Directors
  • FT Partners managed the very unique dual-track M&A sale and IPO process, effectively achieving an "M&A" outcome for shareholders in the public markets (~100% liquidity)
  • FT Partners' advisory role simplified and expedited the "time-to-market" period due to the significant amount of up-front work completed prior to the engagement of potential M&A sale buyers and underwriters
  • FT Partners helped the Company create significant value by developing an extraordinarily detailed and comprehensive set of presentation materials to showcase the OzForex story for all interested parties