FRP Advisory provides sell-side M&A to Tradeteq on sale to Silver Birch Finance
Tradeteq has been acquired by Silver Birch Finance for an undisclosed fee. The London-based technology firm was supported in its sale by experts from FRP Advisory.
Based in London, Tradeteq provides alternative lending platforms, banks and investors with tools to manage their transactions, with products including securitisation as a service, workflow automation and on-demand reporting. Since its launch in 2016, the business has attracted significant backing, allowing it to invest more than $40million in building its technology platform.
The deal will allow Silver Birch Finance to increase its working capital volumes, while benefitting from Tradeteq’s synthetic risk transfer solutions. Commenting on the move, CEO Sean Hanafin said the deal constitutes “a major milestone in our journey to bridge the multi-trillion-dollar trade financing gap between multinational corporates and funders”.
Hanafin added, “We are delighted to welcome Tradeteq to the Silver Birch Finance group as the combination of our businesses further enhances our capabilities and enables us to continue to scale significantly. This acquisition aligns with our strategy to grow both organically and through acquisition.”
The corporate finance wing of FRP Advisory supported Tradeteq, on its sale to the working capital structuring firm. The London-based team at FRP Corporate Finance was appointed as lead sell side adviser to Tradeteq, with a mandate to find a new owner who would support the business through the next phase of its growth plan.
Ben Hughes, partner at FRP Corporate Finance, explained, “We very much enjoyed working with the Tradeteq team and were delighted to find an extremely relevant and supportive new owner for the business. Tradeteq’s proven technology and expert team will be a fantastic asset for Silver Birch Finance as it continues to expand.”
The FRP team was led by Hughes, with the support of Liam Merritt and Adrien Vendran, and targeted a number of financial and strategic investors in both the UK and overseas. Ultimately this resulted in Silver Birch Finance being given preferred bidder status in early April.
Christoph Gugelmann, co-founder of Tradeteq, added, “This deal represents a new chapter for Tradeteq, which would not have been possible without FRP Corporate Finance’s advice and expertise, which was crucial in delivering a successful outcome.”
Silver Birch is a specialist working capital advisory and execution firm that brings focused, progressive and practical thinking to trade finance. Founded in 2021 by a group of former executives from collapsed supply chain finance lender Greensill Capital, the firm’s website states that Silver Birch is “owned and controlled by a leading private equity firm with a reputation for building strong, sustainable businesses in their roles as a long-term, committed investor.”
