Charles Russell Speechlys has advised data-science firm FairXchange Ltd on the acquisition of a 25% stake by United Fintech Ltd which acquires and scales innovative fintechs in capital markets, creating a go-to Fintech platform to help banks to accelerate their transition to a digital world. This is the first transaction in a multi-stage acquisition towards full ownership.

FairXchange was founded in 2016 by Guy Hopkins, a former Morgan Stanley executive, to bring clarity and transparency to execution performance through the provision of independent data. Its state-of-the-art analytical product, Horizon is designed to facilitate constructive, data-driven dialogue between counterparties, helping them to identify mutually profitable opportunities.  The part acquisition by United Fintech will enable FairXchange to join the United Fintech platform, increase its reach and work in partnership with United Fintech’s highly experienced global team.

Mark Bailey, Commercial Partner, Charles Russell Speechlys said: “We have been delighted to assist Guy and the FairXchange team on securing this investment. FinTech is a significant and growing area of focus for our firm and this deal showcases our experience of working with FinTech businesses to deliver innovation in the market and to help those businesses grow and develop as trusted advisers to them and to their owners across their business and personal needs, bringing together our leading private client team with our corporate and commercial expertise.”  

FairXchange’s Founder and CEO Guy Hopkins said: “FairXchange has seen rapid growth in recent years, however we are still a small team and as we scale up we recognise the importance of choosing the right partner to help us accelerate that growth. United Fintech, with its compelling vision and impressive management team is the perfect fit and the team at Charles Russell Speechlys has been instrumental in driving this deal to completion. With their deep knowledge of the FinTech sector, the advice given by David, Mark, Charlie and the team at Charles Russell Speechlys has been commercial, insightful and relevant.”

The Charles Russell Speechlys team was led by Partner David Hicks and Senior Associate Charlie Ring (Financial Services - Corporate), with Partner Mark Bailey and Senior Associate Caroline Young (Commercial), Partner Robert Birchall and Associate Elliot Michaelson (Corporate Tax), Henry Fea (Private Client), Clare Davis (Employment) and Grace Hudson (Corporate).