麻豆影视传媒

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities 麻豆影视传媒 News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities 麻豆影视传媒 News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Bowmark Capital backs Pirum buy-out
Latest news
Bowmark Capital backs Pirum buy-out
18 March 2019 London
Reporter: Maddie Saghir

Image: Shutterstock
Bowmark Capital is backing the buy-out of Pirum Systems from Five Arrows Principal Investment.

The transaction is subject to regulatory approval and is expected to be complete in April this year.

Rajen Sheth, Pirum鈥檚 CEO, commented: 鈥淚t has been a pleasure for my colleagues and I to have worked closely with the Five Arrows team under whose stewardship we have accelerated our record of new product development and solidified our position of technology leadership.鈥

鈥淭his is a really exciting time for Pirum and I am delighted to be teaming up with Bowmark as we progress to the next phase of our development. We look forward to continuing our tradition of innovation and service excellence to help our clients exploit the opportunities and navigate the challenges of an ever-changing marketplace.鈥

Bowmark managing partner, Julian Masters cited: 鈥淭welve years of uninterrupted revenue growth is a great testament to Pirum鈥檚 management team. Having known the company since 2011, we are delighted to be backing Sheth and his colleagues as they capitalise on the significant opportunities opened up by continued product innovation and regulatory change.鈥

He continued: 鈥淲e are also delighted to be working with Pirum鈥檚 chairman, Donal Smith, and its founder and non-executive director, Rupert Perry, both of whom will continue in their current roles. Previously, Smith was chief executive of Data Explorers when it was backed by Bowmark.鈥

Javed Khan, co-managing partner of Five Arrows Principal Investments, added: 鈥淧irum has all the virtues of the type of business we proactively target: a mission-critical offering with a record of creating tangible value for its customers through thoughtful use of technology.鈥

鈥淚t has been a privilege for us to work with Sheth, Smith and Perry over the past four years during which time Pirum has extended its real-time product into collateral and exposure management as well as compliance reporting. We wish the management team and the new owners the best for the next stage of the company鈥檚 evolution.鈥
← Previous latest article

CSA proposes cease on crypto short selling
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
Advertisement
Subscribe today