Shearman & Sterling advised Bridgepoint on its £212 million ($351.55 million) acquisition of Moneycorp from SOF Investments.
Moneycorp is one of the largest specialist foreign exchange providers in the market targeting customers through a multi-channel offering, serving both SME corporate and private customers. In 2013, it recorded gross income of £97.2 million and handled over £10 billion of currency trades. In 2013, it also acquired Thomas Cook's corporate foreign exchange business.
Bridgepoint is a major international private equity group focused on investing in market-leading businesses. Established over 25 years ago, it has over €20 billion of committed capital from a global investor base.
The Shearman & Sterling team advising on the transaction was led by partner Simon Burrows
(both London-M&A), with support from partners Thomas Donegan
(London-FIA), Anthony Ward
and Peter Hayes
(both London-Finance), counsel Mehran Massih
(London-M&A), Sam Whitaker
(London-Compensation, Governance & ERISA) and Lucy Keeble (London-Real Estate), and associates Anna Cooklin, Matthew Anson, Sophie Rees (all London-M&A), George Milton, Daniela Bowry-Blum (both London-Antitrust), Korey Fevzi, Rory Milligan, Sara Couling (all London-Finance), Maria Chan (London-FIA), Anshu Juneja (London-Real Estate) and Gabriel Ng (London-Tax).