Fintech PR
Levine Leichtman Capital Partners to Invest in Schülerhilfe in Partnership with Management
FRANKFURT, Germany, Oct. 24, 2024 /PRNewswire/ — Levine Leichtman Capital Partners (“LLCP”), a global private equity firm, announced today that it has agreed to invest in Schülerhilfe (the “Company”) in partnership with its CEO, Dieter Werkhausen, and the existing management team. Terms of the transaction were not disclosed.
Founded in 1974 and headquartered in Gelsenkirchen, Germany, Schülerhilfe is the leading operator and franchisor of site-based and online tutoring in the DACH region. Through its network of c.1,200 centers, the Company offers tutoring services focused on improving students’ academic outcomes and progression, along with an expanding adult education offering. Schülerhilfe offers tailored and focused, small-group and one-on-one tutoring sessions held both in-person and online.
“We are thrilled to partner with LLCP as Schülerhilfe enters into the next phase of its growth,” said Dieter Werkhausen, CEO of the Company, who will continue to lead the Company along with the entire management team. “We believe LLCP’s alignment with our strategic vision as well as LLCP’s strong experience in education and multi-unit investing will be extremely beneficial as we continue our growth trajectory while maintaining excellent service levels for our pupils.”
Josh Kaufman, Partner and Head of Europe at LLCP, commented, “We are excited to partner with Dieter and the entire management team, who have an excellent track record of growth and enhancing Schülerhilfe’s position as the leader in tutoring services in the DACH region. Schülerhilfe serves attractive end markets that benefit from tailwinds including a growing number of school-age pupils, an increasing tutoring rate, and a continued shift towards institutional providers. We are excited to capitalize on these favorable tailwinds, and more broadly we look forward to supporting the Company through this next chapter of success.”
Matthias Tabbert, Managing Director and Head of DACH at LLCP, added, “Schülerhilfe is the leading provider of high-quality professional tutoring in Germany, Austria and Switzerland and has built an impressive brand awareness over the last 50 years. As parents notice an increase in their children’s need for tutoring, Schülerhilfe remains the provider of choice to enable a good school education and improve grades driven by its highly effective and best-in-class on-site tutoring with great proximity to the pupil’s homes. We look forward to working with Dieter and team as they continue to grow the Company’s footprint and service offerings.”
Schülerhilfe will be the second investment of Levine Leichtman Capital Partners VII, L.P. Across its funds, LLCP has invested extensively in multi-unit and education businesses, including Mander Portman Woodward, Tropical Smoothie Cafe, GL Education, Hand & Stone, Nothing Bundt Cakes, Suveto, Improve International, Skill Dynamics, Therapeutic Research Center, Squla, and CJ Fallon.
Oakley Capital, Schülerhilfe’s previous financial sponsor since 2017, will exit its investment.
Milbank LLP served as legal counsel to LLCP on the transaction.
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.
LLCP’s global team of dedicated investment professionals is led by 10 partners who have worked at LLCP for an average of 20 years. Since inception, LLCP has managed approximately $15.2 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $9.0 billion of assets and has offices in Los Angeles, New York, Chicago, Miami, London, Stockholm, Amsterdam and Frankfurt.
Media Contact: Cathy Thomas; [email protected]
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LONDON and FRANKFURT, Germany, Oct. 24, 2024 /PRNewswire/ — SEPA Cyber Tech Group Holding Ltd., a prominent London-based tech developer and venture capitalist, has renamed part of its organisation related to financial technology to FinHub.
The newly renamed division proudly announces the launch of its groundbreaking eponymous financial super platform. Designed to meet the evolving needs of banks, FinTechs, and anyone who wants to utilize or participate in the financial industry.
FinHub promises to redefine the landscape of financial services with its innovative and self-serviceable business model. The platform offers a multitude of financial software and services. It’s developed to serve four market needs:
- Technology and BaaS
- Inter-Banking License and BaaS
- Embedded Finance
- Business Banking
This transformation from SEPA Cyber Technologies to FinHub signals a strategic expansion of the company’s capabilities, creating a hub that caters to every facet of the financial ecosystem. The new platform integrates cutting-edge technology with banking licenses fused with intuitive interfaces to self-administrate, allowing users to customise and manage their financial products and services fully and easily.
“FinHub’s comprehensive platform empowers financial institutions and non-financial players alike by offering an end-to-end, easy-to-navigate suite of tools and services,” said Konstantinos Birtachas, CEO of FinHub. “Whether you’re a large bank, a startup fintech, or a non-financial institution wanting to join the financial industry, we have built a solution that adapts to your needs.”
The platform’s self-serviceable model allows users to independently configure and deploy solutions such as payments, core banking, compliance tools, issuing, acquiring, and more. This flexibility enables clients to quickly respond to market trends, improve operational efficiency, and enhance product suits.
Sristhi Assudani, COO Global at FinHub, emphasized the platform’s potential to drive innovation across sectors: “This launch marks a significant milestone in our company’s evolution. With the FinHub super platform, we are not just offering a product—we are providing a framework that allows for seamless collaboration and participation in the financial industry. It’s built to scale, empowering our clients to grow at their own pace.”
For more information, please visit https://finhub.cloud/ or contact [email protected].
About FinHub
FinHub, formerly known as SEPA Cyber Technologies as part of SEPA Cyber Tech Group Holdings Ltd., is a leading innovative financial technology and services provider. Focused on delivering robust, scalable, and secure solutions, FinHub serves a wide range of clients across the financial sector, enabling them to transform their operations and adapt to a rapidly changing industry.
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LUND, Sweden, Oct. 24, 2024 /PRNewswire/ — Finshark, one of the Nordics’ leading providers of online banking payments, real-time payouts, and financial insights, has taken a significant step forward in its mission to offer the most secure and trusted payment option on the market. In pursuit of this goal, Finshark has chosen Lucinity’s advanced AI-powered platform to transform its financial crime investigations and streamline compliance operations.
Finshark, loved for its customer-first approach and easy-to-use payment experience, was looking for a scalable and automated system to accommodate their increasing transaction volumes and compliance needs. It was essential to find a solution that could not only support their expansion but also offer robust controls to ensure regulatory adherence across new markets.
After a thorough evaluation, Finshark selected Lucinity’s unified platform to centralize all financial crime-related cases into a single, consistent system. Lucinity’s platform includes powerful tools such as the Case Manager, which integrates data from multiple sources; Customer 360°, offering a dynamic and holistic view of client interactions; and Luci, a generative AI copilot that analyzes data and provides actionable insights, automating end-to-end workflows.
By implementing Lucinity’s enterprise-ready and user-friendly platform, Finshark is well-positioned to scale efficiently, reduce manual compliance processes, and focus on delivering innovative payment solutions to their customers. This move enables Finshark to enhance its operational efficiency, ensuring it remains a trusted and reliable provider in the fast-growing fintech market.
“There’s no doubt that Lucinity’s platform is leading the way in the industry. With our fresh approach to tackling financial crime, we are building something truly remarkable – yet to be seen in open banking,” said Sverker Tornhagen, Head of FCP at Finshark.
Udi Nessimyan, President and Chief Revenue Officer at Lucinity, added, “We’re thrilled to see Finshark choose Lucinity to power their compliance efforts. For fintechs experiencing rapid growth, having the right tools in place allows them to focus on scaling their business while maintaining a secure and compliant environment.”
With Lucinity’s AI-driven solutions in place, Finshark is ready to unlock new levels of efficiency, lower operational costs, and scale its operations, all while maintaining the highest standards of security and regulatory compliance. This marks a significant milestone for Finshark’s future growth and its commitment to safeguarding customers’ financial transactions.
View original content:https://www.prnewswire.co.uk/news-releases/finshark-enhances-financial-crime-prevention-with-lucinitys-ai-powered-platform-302285894.html
DUBAI, UAE, Oct. 24, 2024 /PRNewswire/ — KuCoin, a global leader in the cryptocurrency market, proudly participated in Blockchain Life 2024, one of the industry’s premier events, held in Dubai as Stage Sponsor and Gold Sponsor. This event brought together a diverse group of enthusiasts, professionals, investors, and traders to delve into the ever-evolving world of blockchain and cryptocurrency.
During her keynote speech on “Shaping Crypto Minds with KuCoin: Education Makes Mastery,” Alicia, Managing Director of KuCoin, highlighted the knowledge gaps currently facing the industry. KuCoin is actively addressing these through its various educational initiatives. In the first half of 2024 alone, KuCoin Learn attracted 1.5 million engaged users, while its Learn and Earn program saw participation from over 2.72 million users since its inception. These programs are part of KuCoin’s broader effort to elevate user education and ensure traders and investors have the tools they need for informed participation in the crypto space.
Alicia emphasized the importance of security in her presentation, reiterating KuCoin’s commitment to prioritizing user needs and safeguarding their interests. “At KuCoin, we believe that an educated user is a secure user. Our educational platforms, including KuCoin Learn and KuCoin Campus, are designed to empower our users with knowledge that enhances their trading experiences while emphasizing the critical importance of security,” she stated.
In addition to her keynote, Alicia participated in a panel discussion titled “Crypto Exchanges and Private Investors: Shaping Investment Strategies and Adapting to Market Trends.” The panel explored effective strategies for navigating the crypto industry, focusing on how centralized exchanges (CEXs) can help foster industry growth by aligning with investor needs in changing market conditions.
KuCoin’s presence at Blockchain Life 2024 underscores its ongoing commitment to leadership through education in the cryptocurrency sector. It prepares its users to participate in and excel in the evolving digital economy.
About KuCoin
Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 800 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 36 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.
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View original content:https://www.prnewswire.co.uk/news-releases/kucoin-managing-director-alicia-kao-highlights-crypto-education-at-blockchain-life-2024-302285855.html
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