Boutique firms in fintech merger 08 February 2016London Reporter: Stephanie Palmer
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Boutique corporate finance companies NovitasPartners and FTCL have completed a merger to become NovitasFTCL.
The meeting of the two companies is intended to provide better coverage of the financial technology sector in order to meet the demand for advisory services, particularly in sectors such as payments, data, financial software, market infrastructure, business process outsourcing and securities services.
NovitasFTCL will provide services for mergers and acquisitions, capital raising and strategic advisory.
The partnership will mean a more extensive knowledge base, and better ability to complete complex transactions, including cross-border transactions, with a focus on the UK and European markets.
Under the leadership of new partners John Gilligan and Alexis Thieriet, the new company will also conduct research in the financial technology market, with a focus on performance of unlisted companies.
Gilligan said: “What makes us different is our deep knowledge of the various sub-sectors which comprise financial technology, from market structure, right through to payments, software and asset servicing. Also we regard each transaction as different, requiring highly bespoke work to see a deal through from inception to closing.”
Thieriet said: “We work very closely with our clients, and leverage our knowledge of [the financial technology space] in order to structure their merger and acquisition objectives or funding requirements in the best possible way. One of our key strengths is the degree of senior attention we bring to all our transactions, which our clients value greatly.”
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