Tradeteq

We’re pleased to have advised trade finance platform, Tradeteq, on its sale to working capital solutions adviser, Silver Birch Finance.

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 £29million in building its technology platform.

We were appointed as the lead sell side adviser to Tradeteq with a mandate to secure new investment for the businesses, targeting a broad range of financial and strategic investors.

Our London team, led by Partner Ben Hughes, Manager Liam Meritt and Assistant Manager Adrien Vendran, worked to engage potential buyers, ultimately securing interest from Silver Birch Finance. The team subsequently completed extensive due diligence while negotiating legals to enable the transaction to complete in little under three months.

The deal will allow Silver Birch Finance to increase its working capital volumes, while benefitting from Tradeteq’s synthetic risk transfer solutions.

Tradeteq’s co-founders, Christoph Gugelmann and Nils Behling, will remain with the business to ensure a seamless transition of all client services.

Ben Hughes, Partner at FRP Corporate Finance, said: “Over recent years we’ve seen consistently strong demand for fintech firms with established customer bases, and the swift time frame in which this deal took place proves that this is still the case.

“The deal puts Tradeteq in a strong position with significant growth potential. Its proven technology and expert team will be a fantastic asset for Silver Birch as it continues to expand.”

Christoph Gugelmann, Co-founder of Tradeteq, said: “Since our launch, we’ve worked to build strong customer relationships with leading banks, asset managers and investors in trade finance, and we know that the team at Silver Birch are well positioned to continue to support, develop and grow these relationships.

“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.”

Lewis Silkin provided sell side legal advice.