Aims to use funds to accelerate international expansion Intends to float on Frankfurt stock exchnage in Q3
BERLIN, June 14 (Reuters) - German online spectacles retailer Mister Spex said on Monday that it planned to float on the Frankfurt stock exchange in the third quarter and aimed to invest the proceeds in international expansion and in its technology platform
The Berlin-based start-up plans to raise a minimum of 225 million euros ($272 million) via a placement of new shares from a capital increase, while existing shareholders would also sell some stock.
The company sells glasses, shades and contact lenses online, working with local opticians for eyesight tests. It also operates a small number of its own stores. In 2020, it reported gross profit of 81 million euros on sales of 164 million euros.
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Scottish Equity Partnersâ Investment Set To Fuel RegTech Revolution With FundApps Date
11/05/2021
Scottish Equity Partners (SEP) has completed a significant growth equity investment in FundApps, one of the world s most successful Regulatory Technology (RegTech) companies.
As the first ever Compliance-as-a-Service (CaaS) business, FundApps has transformed the way investment managers deal with the regulatory burden by combining cloud technology, regulatory expertise, market data and the unique FundApps Community. Previously, compliance managers were overwhelmed by ever-increasing complexity, but services covering Shareholding Disclosure, Sensitive Industries and Position Limits have truly made compliance simple.
Today, London-headquartered FundApps has over 100 clients, ranging from hedge funds, asset managers and sell-sides, to the world’s largest sovereign wealth funds. Collectively, FundApps’ services monitor over 10% of global assets under management. Investmen
Scottish Equity Partners Backs Regtech Firm FundApps
Scottish Equity Partners has invested in
FundApps, a UK-based Regtech, for an undisclosed amount according to a note from the company.
FundApps is described as a “
compliance-as-a-service” (CaaS) business, that improves the way investment managers deal with the regulatory burden by combining cloud technology, regulatory expertise, market data and the FundApps Community.
FundApps reports over 100 clients, ranging from hedge funds, asset managers, and sell-side financial firms. FundApps claims that its services monitor over 10% of global assets under management.
Andrew Patrick White, founder and CEO of FundApps, said they were delighted to have SEP on board:
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