Third Financial has today been launched to make controlling private equity investments in the financial software and services space.
UK-based Third Financial is set to acquire companies and provide financial and management investments — enabling them to consolidate, grow and take advantage of the global financial market.
Headquartered in London, Third Financial co-founder Stewart Foster will lead the investment firm’s search for specialist organisations which are suitable for acquisition.
It will make investments between 1 million and 10 million and for the larger deals will partner with other private equity firms. While the company’s founders have in-depth experience in running listed companies and in IPOs on both the AIM and fully listed markets, Third Financial will focus predominantly on the private sector but will also consider public company acquisitions.
“The financial technology landscape is both diverse and fragmented, which means there is enormous potential for acquisition and integration,” says Stewart Foster, co-founder and CEO of Third Financial. “As a result, our company’s launch is extremely timely. We aim to be instrumental in turning specialist companies around not simply through financial investment, but also with the injection of market knowledge and practical management capabilities. This, in turn, will generate vast improvements on a commercial and operational level enabling challenged companies to develop and flourish.”