RPC advises Ebury on sale of majority stake to Santander for £350m
RPC advised UK based fintech Ebury on sale of a majority stake to Banco Santander, a leading retail and commercial bank, founded in 1857 and headquartered in Spain. Ebury is a UK-based fintech company specialising in trade and foreign exchange facilitation for SMEs, operating in 19 countries and across 140 currencies.
The RPC team was led by corporate partners Karen Hendy, James Mee and David Wallis.
RPC's corporate team offers clients a full range of transactional and advisory work, including M&A, private equity investments, refinancing, restructuring and joint ventures. It's clients range from UK blue-chip companies to innovative tech companies that are disrupting the UK and international market.
Santander’s strategic investment in Ebury strengthens its digital strategy and positions it as a bank of choice for SMEs trading or aspiring to trade internationally. £70 million of the £350 million investment will be used to support Ebury’s plans to enter new markets in Latin America and Asia. Ebury will continue operating as an independent unit, supported by Santander following its extensive experience in leveraging its scale to grow and develop the companies it has invested in.
The deal is conditional on receiving anti-trust and regulatory approval.