Fintech PR

GTCR to Acquire Once For All from Warburg Pincus

Published

1 year ago

July 24, 2023

Investment to accelerate growth behind leading compliance and supply chain management software provider

CHICAGO, July 24, 2023 /PRNewswire/ — GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Once For All (the “Company”), a leading compliance and supply chain management software provider, from Warburg Pincus. Financial terms of the transaction were not disclosed.

Founded in 1998 and headquartered in Basingstoke, United Kingdom and Paris, France, Once For All is a compliance and supply chain management software platform serving the construction industry primarily in the United Kingdom and France. Once For All serves as a SaaS-based network of over 150,000 construction and facilities management companies, enabling contractors and property owners to manage their supply chain of sub-contractors and ensure compliance with an increasingly complex set of public regulations and private standards. The Company’s software suite also includes a two-sided marketplace that connects contractors and property owners with qualified suppliers looking to source new business opportunities.

“We are excited to partner with the Once For All team to continue to build on the success of the business,” said Mark Anderson, Managing Director and Head of Technology, Media & Telecommunications at GTCR. “Once For All has established itself as a leader in the supply chain and compliance software market, developing products that continue to be adopted across the industry as best-in-class solutions for navigating operational and regulatory complexities. We will look to accelerate the Company’s growth and scale through product innovation and the addition of capabilities through M&A. GTCR has a long investment history and experience in vertical software with compliance solutions which we will leverage in helping develop strategies that drive further growth for the business and value for our customers.”

Adarsh Sarma and David Reis, Managing Directors at Warburg Pincus, said: “We are proud to have supported Once For All through a transformative growth journey. Under our ownership, the Company pursued a strategy prioritizing technology and product investment, enabling the launch of innovative compliance and business development solutions for the construction industry. A UK-only business when Warburg Pincus invested, Once For All also internationalized during our investment period, bringing its unique product suite to Continental Europe. We would like to thank the management team for their hard work and commitment – they have built a truly world-class business and we wish them and GTCR all the best in the next growth phase.”

Jefferies served as financial advisor and Latham & Watkins provided legal counsel to GTCR. Arma Partners and William Blair served as financial advisors for Once For All and Kirkland & Ellis served as legal advisor. Management was advised by Jamieson Corporate Finance and Macfarlanes as legal counsel.

About GTCR
Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $25 billion in over 270 companies, and the firm currently manages more than $35 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. For more information, please visit www.gtcr.com. Follow us on LinkedIn.

About Once For All
Once For All is the European leader in supply chain risk management solutions for the construction industry. We help our customers source and track sales opportunities, manage risk and compliance, and provide tools to increase efficiency in their supply chains. Once For All has over 150,000 customers that use its single codebase SaaS solution to search, find and assess future business relationships based on skills, trades and ESG credentials. As a result, Once For All manages one of the largest proprietary ESG data sets in the world. Once For All has over 400 employees, is the market leader in UK and France and has operations in Belgium and Germany. For more information, please visit www.onceforall.com.

About Warburg Pincus:
Warburg Pincus LLC is a leading global growth investor. The firm has more than $80 billion in assets under management. The firm’s active portfolio of more than 250 companies is highly diversified by stage, sector, and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than $112 billion in over 1,000 companies in more than 40 countries. The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com. Follow us on LinkedIn.

GTCR
Andrew Johnson
212.835.7042
[email protected]

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Fintech PR

Premia new ETF debuts on HKEX providing cost-efficient tool for Asia investment grade USD bonds

Published

42 mins ago

September 25, 2024

CISION (PR Newswire)

HONG KONG, Sept. 25, 2024 /PRNewswire/ — Premia Partners, the leading homegrown ETF provider from Hong Kong, announces listing of Premia J.P. Morgan Asia Credit Investment Grade USD Bond ETF (the ETF) on HKEX today.

The physically replicated ETF covers a diversified basket of USD bonds from investment grade sovereign, quasi-sovereign and corporate issuers across Asia ex-Japan markets, and has a total expense ratio of 0.23% p.a.

Premia J.P. Morgan Asia Credit Investment Grade USD Bond ETF [Tickers: 3411 (HKD) / 9411 (USD)] tracks the J.P. Morgan Asia Credit Index – Investment Grade (the index).
The ETF takes a market value weighted approach, covers only investment grade issues rated by S&P, Moody’s or Fitch, and excludes loss absorbing instruments such as Additional Tier 1 bonds (AT1s) and Contingent convertibles (CoCos).
Listed on HKEX, the ETF trades in Asia time zone in alignment with the underlying bonds, enjoys waiver for Hong Kong stamp duties, and HKEX trading and settlement fee.
The ETF is designed for portfolio completion, income and diversification, and allows investors to conveniently access a diversified basket of high-quality investment grade USD bonds with a simple, one ticker trade.

“We are delighted to expand our fixed income suite with this new ETF for Asia ex-Japan USD investment grade bonds,” said Rebecca Chua, Managing Partner of Premia Partners. “Similar to other Premia ETFs, this ETF is designed specifically as a cost-efficient allocation tool, and is a very timely strategy well placed to capture the tailwind opportunities in the current interest rate environment.”

For enquiry
+852 2950 5777
[email protected]

About Premia Partners

Founded in 2016, Premia Partners is one of the leading ETF managers from Hong Kong, dedicated to building low-cost, efficient, best practice ETFs for Asia. As of Sep 25^th 2024, Premia Partners manages 10 equity and fixed income ETFs designed as low-cost, efficient allocation tools for Asia. For more information on Premia or Premia ETFs covering China, Emerging ASEAN, Asia Innovative Technology/ Metaverse, Vietnam , China high yield bonds, China government bonds, Asia investment grade USD bonds and US Treasury, please visit www.premia-partners.com.

View original content:https://www.prnewswire.co.uk/news-releases/premia-new-etf-debuts-on-hkex-providing-cost-efficient-tool-for-asia-investment-grade-usd-bonds-302257418.html

Fintech PR

Sucden Financial Appoints Head of Exchange-Traded Derivatives

Published

42 mins ago

September 25, 2024

CISION (PR Newswire)

sucden-financial-appoints-head-of-exchange-traded-derivatives

LONDON, Sept. 25, 2024 /PRNewswire/ — Sucden Financial, the multi-asset execution, clearing and liquidity provider, has appointed Rob Noyce as Head of Exchange-Traded Derivatives.

Rob has spent the past 20 years at major global financial institutions, including UBS, Citigroup, and Barclays Capital, focusing on listed derivatives and electronic execution. He will lead Sucden Financial’s non-LME exchange-traded business, with a particular focus on growth and adding value for clients through technology, innovation and electronification.

Before joining Sucden Financial, Rob spent over five years as Director of EMEA Electronic Execution Sales for Listed Derivatives at UBS, where he was responsible for new business and monetisation of existing futures and options e-execution clients. Prior roles include Head of Futures E-Trading Sales and Relationship Management at Citigroup Global Markets, Vice President of Futures E-Sales at Barclays Capital and EMEA Derivatives and FX Sales Director at Bloomberg Tradebook Europe.

Marc Bailey, CEO of Sucden Financial, said:

“Rob has an excellent track record of implementing technological change and driving business growth at some very large financial institutions. We’re delighted to welcome him to the Sucden Financial team. Rob will play an important role in driving innovation, continuing to grow our business and providing clients with an enhanced service.”

Rob Noyce as Head of Exchange-Traded Derivatives, Sucden Financial, commented:

“I am delighted to have joined Sucden Financial, which has a strong background in the ETD space. I believe there is a significant opportunity to grow the listed derivatives business and increase efficiency by focusing on technology, innovation and electronification.”

About Sucden Financial

With a history and heritage in commodity futures and options trading, Sucden Financial has evolved and diversified to become a leading global multi-asset execution, clearing and liquidity provider across FX, fixed income, and commodities.

Sucden Financial has a proven track record of over 50 years in financial markets. Since its foundation in 1973, it has been supported by its parent, Sucden, one of the world’s leading soft commodity trading groups, while remaining fully independent in its day-to-day trading operations.

Sucden Financial Limited is authorised and regulated by the Financial Conduct Authority.

sucdenfinancial.com

twitter.com/SucdenFinancial
linkedin.com/company/sucden-financial/
[email protected]

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Fintech PR

Vantage Copy Trading enters its innovative strategy-centric era

Published

2 hours ago

September 25, 2024

CISION (PR Newswire)

vantage-copy-trading-enters-its-innovative-strategy-centric-era

PORT VILA, Vanuatu, Sept. 25, 2024 /PRNewswire/ — Leading multi-asset CFD broker, Vantage Markets (or “Vantage”) is excited to introduce the new “strategies” feature – a major upgrade to its Copy Trading feature that is designed to offer traders a more flexible, intuitive and knowledge-based trading experience.

Copy trading platforms typically highlight the persona of individual signal providers. Vantage Copy Trading offers a refreshing change – allowing clients to choose and copy preferred strategies based on their trading preferences, risk appetite and personal goals.

The new feature removes the limitation of copying individual signal providers in their entirety. Instead, users can copy a variety of curated trading strategies.

Every signal provider can offer up to 10 distinct strategies, each tailored to different trading styles and objectives. Copiers can select and follow multiple strategies simultaneously using new pre-set filters, including “Most Copied,” “Highest Annual Return,” “Low Risk and Stable Return,” “High Win Rate,” and “Top Signal Providers.”

This update also brings a freshly revamped interface and enhanced capabilities, facilitating the exploration and following of multiple trading strategies. These include a range of user-friendly improvements, such as a simplified access to filters, an enhanced search bar, and a more dynamic display for profiles and trading strategies.

Lian J, User Growth Director at Vantage, says, “With the introduction of Multiple Strategies, our copy traders can now invest their resources in personalised and potentially high-performing trades. This upgrade not only broadens their financial horizons but also significantly enhances their trading experience.”

Explore Copy Trading on the Vantage App today.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

Risk Warning: Trading CFDs and engaging in copy trading involves a high level of risk and may not be suitable for all investors. You could lose more than your initial investment. Copy trading does not guarantee profits, as past performance of signal providers is not indicative of future results. Please ensure you fully understand the risks involved and seek independent advice if necessary.