Pollen Street Capital acquires corporate foreign exchange specialist Infinity International

London, UK: Pollen Street Capital, the private equity firm backing Foreign Currency Direct, has acquired UK based Infinity International. The acquisition will result in Infinity International, headquartered in Canary Wharf, merging with Foreign Currency Direct, following Pollen Street’s initial investment in Foreign Currency Direct in May 2018. Pollen Street has now created a Group, which also includes Pure FX, that has transacted over £5.6 billion in foreign exchange over the last three years.

Infinity International has been trading since 2007 and predominantly services UK and European businesses. They have transacted over £4 billion since inception.

The acquisition will expand the Group’s offering to add a specialist corporate foreign exchange service, alongside their existing presence in the private client market through the Foreign Currency Direct and Pure FX brands.

Tom Higham, Managing Director of Foreign Currency Direct stated: “We’re delighted to welcome Rob and the team at Infinity to the Group. Their expertise and experience in the corporate payments industry along with their value of delivering truly best in class service to all their clients complements our existing strengths and will enable us to deliver a more complete international payments solution for the UK market. This represents the second addition to the Group since Pollen Street’s investment in 2018 as we continue to find exciting and successful businesses to join our Group.”

Rob Groves, Chief Executive Officer of Infinity International added: “We are excited to be joining the Group and firmly believe that our core strengths naturally align and that together we will deliver an industry leading proposition.”

Michael England, Partner at Pollen Street Capital said: “Infinity is an innovative business providing customers with an alternative to using their banks for international payments. With a focus on bringing best value products and the highest quality service to customers, it operates in a fast-growing market with a strong position and we are excited about the opportunity to invest in the company and be part of the next chapter of its story. Alongside Tom and the Foreign Currency Direct team we look forward to adding Pollen Street’s extensive financial services experience and network to help accelerate the company’s growth, building on the strong platform currently in place.”

Enquiries:
Camarco (PR advisers to Pollen Street Capital)
Ed Gascoigne-Pees – 020 3757 4984, ed.gascoigne-pees@camarco.co.uk
Jennifer Renwick – 020 3757 4994, jennifer.renwick@camarco.co.uk

About Pollen Street Capital
The Pollen Street Capital Group is an independent alternative asset investment management company focused on the financial and business services sectors, with significant experience in specialty finance. It was established in 2013 and now manages c £2.7bn gross AUM across private equity and credit strategies on behalf of investors including leading pension funds, asset manager, banks and family offices from around the world. Pollen Street Capital has a team of 70+ professionals with offices in London and New York.

About Foreign Currency Direct
Established in 2000, Foreign Currency Direct is a currency exchange and international payments group with a presence across Europe. Providing competitive pricing, market leading expertise and exceptional service to facilitate individuals and businesses transferring money cross-border.

Foreign Currency Direct was the first foreign currency acquisition made by Pollen Street Capital in 2018, with the Group now consisting of Foreign Currency Direct, Pure FX and Infinity International. With offices across multiple UK and European locations, there is continued growth planned into 2019 and beyond.

About Infinity International
Established in 2007, Infinity has grown quickly to become one of the UK’s leading B2B payment and FX risk management companies. Its employees 40 staff from its head office in Canary Wharf and transacts over 1 billion per annum in FX spot and forward contracts.