BACK

22nd March 2017

Hamlins advises MoneySwap plc on £3.5m fundraising

By Daniel Bellau

Hamlins is delighted to announce that it has advised new client, AIM quoted MoneySwap plc (AIM:SWAP) on the conditional investment by Wraith Holding B.V. by way of a subscription for shares in the company to raise up to £3.6m in consideration for 75% of the company’s share capital.

MoneySwap is a Gibraltar incorporated payment solutions provider which allows both online and point of sale transactions to be settled using UnionPay cards with operations in Hong Kong and China.

Wraith is an investment company backed by Gilbert Amenta who has considerable experience in the payments sector.

This is an extremely significant transaction for MoneySwap as Wraith intends to work closely with MoneySwap to assist in developing its payment processing business.

Head of Corporate Daniel Bellau led the Hamlins team, assisted by corporate associate Richard Pull. Wraith were advised by Squire Patton Boggs. The nominated adviser and broker to MoneySwap is Allenby Capital Limited.

Daniel Bellau commented “We were delighted to have assisted MoneySwap on what was a high pressure transaction on a short timetable”.

The Hamlins Corporate team which has an enviable reputation in the junior equity markets, regularly advises on IPOs, fundraisings and transactions on the Official List, AIM and NEX (formerly ISDX and Plus).

For further information on the Hamlins Corporate team please contact Corporate Partner Daniel Bellau on dbellau@hamlins.co.uk or 020 7355 6000.

Have a question? Contact Daniel

Latest

New message for

TO







We will only use this email to contact you regarding your enquiry. We will not pass this on to any 3rd parties. See our privacy policy.


WordPress Appliance - Powered by TurnKey Linux