Corporate Finance Adviser to

Corporate Finance Adviser to
on its initial fundraising of $8m

Corporate Finance Adviser to Fastnet Oil & Gas plc

Corporate Finance Adviser to  Fastnet Oil & Gas plc
on the farm-out to SK Innovation of a 12.5% interest in the Foum Assaka licence, offshore Morocco

Corporate Finance Adviser to

Corporate Finance Adviser to
on its £10m Equity Placing in November 2013

Corporate Finance Adviser to

Corporate Finance Adviser to
on its £10m IPO on the AIM market of the London Stock Exchange

Trade Sale Advisor to Major Shareholder of

Trade Sale Advisor to Major Shareholder of
on its sale to RSA for €65m

Trade Sale Adviser to

Trade Sale Adviser to
  on its sale to Affinion International for €20m+

Trade Sale Adviser to

Trade Sale Adviser to
on its sale to Exponent Private Equity for €170m

Trade Sale Adviser to

Trade Sale Adviser to
on its sale to NASDAQ quoted Verint Systems for $20m+

Trade Sale Adviser to EMAP Plc

Trade Sale Adviser to EMAP Plc
on the Sale of its Irish Radio Assets for €200m

careers-banner

Raglan Capital advise Fintrax Group Holdings Ltd on its €170 million trade sale to Exponent Private Equity

21 August 2012

Raglan Capital is pleased to announce that it has acted as exclusive financial adviser to Fintrax Group on its successful sale to Exponent for €170 million consideration. Raglan acted for the majority shareholder the Barry Family Trust and Management.

Fintrax, which employs over 400 people across 26 countries, specialises in multicurrency payments, VAT refunds and credit card processing. It has been a leading provider of payment services to overseas visitors and international organisations for the past thirty years through its VAT refund business, Premier Tax Free, which now services over 80,000 retailers worldwide. The company also offers electronic gift cards for the gift card market via Premier Electrum. Fintrax also trades under its ¥€$ brand to offer multi-currency payments and processing solutions for banking and retail institutions. The company enjoys a proud reputation for long-term strategic partnerships and delivering a quality service to all the major international high-end luxury shopping brands.

Exponent is backing the existing management team who are all re-investing in the deal. In addition Exponent have appointed John Moore as Chairman. John is a former Dell executive who has worked closely with Exponent for a number of years and also chairs investee companies Gorkana Group and Group GTI.

Catriona O'Farrell, CEO of Fintrax, commented: "We are delighted to have the support of Exponent in what is a very exciting period of development for the company. Fintrax' success to date is both a testament to our staff and to the company's ability to cultivate creative and innovative technology for merchants. This investment will propel Fintrax onto the next stage of our plan for growth and development."

Mark Taylor, Director at Exponent, said: "We look forward to working with the management team at Fintrax as it moves into its next stage of development. As a pioneer in the processes and technology which enable VAT refunds for tourists around the world, the business is well positioned to benefit from the dramatic growth in BRICS tourism which has fuelled demand in the space."

Also commenting on the acquisition Richard Lenane, Partner at Exponent, said: "Fintrax enjoys exposure to some of the fastest growing segments of the global economy and as such represents an exciting investment for Exponent. We will support this very successful team as it continues to rollout its market leading technology and invests to further expand the business in new markets."

Group Founder, Gerard Barry remarked: "Having had the privilege to lead the 1985 start-up to it's current worldwide success, it is now the right time to pass on the baton and I am delighted that the group's new investor Exponent, in conjunction with the existing Fintrax management and staff will continue to grow the group and no doubt reach new heights."

Cathal Friel, Managing Director Raglan Capital, said; "Irish Assets with customers abroad are in demand, adding that international investors are not being put off Ireland by euro fears, but do see Ireland as an increasingly competitive place to have a major cost base, such as the Fintrax global headquarters.

About Raglan Capital

Raglan Capital is a boutique corporate finance and merchant banking group focused on helping our clients achieve their strategic objectives through M&A, Financing and Strategic Advisory Services. Raglan Road Capital Limited (trading as Raglan Capital) is regulated by the Irish Financial Services Regulatory Authority.

About Exponent Private Equity

Exponent is a private equity firm investing in UK and Ireland head quartered businesses with an enterprise value of between £75m and £350m. Most recently Exponent announced its acquisition of Quorn Foods, Pattonair, a service provider to the aerospace industry, and Immediate Media, the magazine business purchased from the BBC.

Enquiries

For further information, please contact:

Christian Klinkenberg +353-1-6440005

Cathal Friel +353-1-6440001