Client
Global Reach Partners
Objective
Inflexion Private Equity Partners lead portfolio company was acquiring a UK e-money and investment group, FC Exchange, in a multi-million deal. GRP required an advisory team to lead on the regulatory due diligence alongside the legal and accounting teams. The due diligence timescales were tight and required delivery of reports within 8 weeks across the key regulatory areas. The scope of the DD covered financial crime, regulatory capital, complaints, client money, permissions and conduct. It needed to have a multi-skilled team that understood FX products but also the investment firm and e-money regulations.
Approach to engaging with clients
fscom deployed a team of eight SME’s to conduct onsite audits of each of the key regulatory areas. The objective being to identify any areas of concern that GRP would require indemnification. The team provided its assessment and recommendations in an audit report to the client including identifying areas of material exposure.
Outcome
fscom delivered the project, including the final report in eight weeks and the client was able to hit the acquisition deadline.