Eversheds has advised Inflexion on the buyout of Global Reach Partners (“GRP”), a leading UK foreign exchange specialist providing payments and hedging services to businesses and private individuals.

GRP helps clients manage their foreign exchange exposure through a range of hedging strategies, which are tied to fundamental business needs. The hedging strategies are delivered through many products, including spot payments, forward contracts and options in over 150 currencies. GRP transacts £3bn of foreign currency each year, through its team of over 85 expert traders and support staff based in London.

Inflexion will be backing the existing management team to continue to grow market share and execute a buy-and-build consolidation strategy in the UK FX sector.

The team was led by Corporate Partners Richard Moulton and Louise Finnie with support from Associates Alex McCarney, Emily Dupee and Charlotte Singh as well as Trainee Suzanna Skier.

Richard Moulton commented:

“We are delighted to have advised Inflexion again, after working with them on a number of transactions in the past year. And we look forward to working with the Inflexion team again as they continue to make further strategic acquisitions.”

John Harper, Partner at Inflexion, commented:

“Due diligence and deal negotiation proceeded smoothly, in no small part because of the close relationship between Inflexion and Eversheds. We aim to continue this collaboration as we develop the business further.”