Earthport plc, a regulated global financial services company specializing in cross-border payments, has acquired Baydonhill plc, a currency exchange broker, for US$10 million.
Baydonhill has developed international payment solutions that combine state-of-the-art technology and industry expertise. Through its professional and consultative approach, Baydonhill helps businesses of all sizes develop and implement appropriate overseas payment strategies. The company offers a package of services which are tailored to the specific requirements of its clients and which are adaptable to their ongoing business needs.
The Earthport ecosystem is supported by almost 30 of the world's banking groups, who provide accounts and access to national clearing schemes in more than 60 countries and territories. The company is a participant in the SWIFT network as a supervised financial institution.
Oaklins Smith & Williamson, based in the UK, acted as Rule 3 Advisor to the seller in this transaction.
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