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FT Partners Advises Ebury on its £350,000,000 Majority Investment from Santander

Overview of Transaction

  • On November 4, 2019, Santander announced it has invested £350 million in Ebury for a 50.1% stake
  • Headquartered in London, UK, Ebury delivers a full suite of foreign exchange and international payments services to SMEs, mid-sized corporations and financial institutions
  • Ebury employs a data driven, digital model and provides a unique distribution platform to its 43,000 clients globally
  • Ebury processed approximately £17 billion in payments in 2018 and employs 900 individuals across its 22 offices in 19 countries

Significance of Transaction

  • Santander’s acquisition of a majority stake in Ebury represents the largest acquisition of a FinTech company in EMEA by a bank ever and one of the top 5 VC-backed FinTech M&A exits ever in EMEA
  • Combining Ebury’s global transaction capabilities with Santander’s international footprint and full suite of banking products will accelerate growth for both
  • The partnership will strengthen Santander’s position as the premier bank for SMEs trading internationally and accelerates its digital strategy of growth through new ventures
  • The transaction will enhance Ebury's growth through multiple avenues including expansion in new markets in Latin America and Asia, and leveraging Santander's brand reputation to capture new clients globally

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Ebury
  • This transaction underscores FT Partners’ deep domain expertise and successful track record in the Cross-Border Payments space