ReachX Closes its First Debt Transaction on its Deal Origination Platform with Lendable and Advance Global Capital
- Investment , Banking
- 01.04.2021 06:48 am
ReachX, The Investment and Corporate Finance Marketplace looking to transform Investment banking, is pleased to announce the closing of its first Debt transaction on its Deal Origination Platform.
The transaction has been successfully completed by matching a co-investment opportunity presented by Lendable (https://www.lendable.io/), a leading Impact institutional investor active in Emerging markets with Advance Global Capital (https://advanceglobalcap.com/), a global impact investment manager specialized in financing working capital of small and medium businesses.
The transaction will enable a leading fintech platform in Asia to pursue its growth with access to additional financing provided by strong institutional investors.
Commenting on the transaction, Chris Wehbé, Executive Chairman of Lendable said: “The ReachX Deal Origination Platform is a substantial step change for issuers and investors looking for investors and co-investors in a confidential and efficient way. We can access a large, international network of investors that streamlines the whole process.”
Hendrik Van Deventer, COO and Senior Portfolio Manager of Advance Global Capital, noted: “Through the platform, we were able to find a new opportunity that fits our mandate and investing criteria. We believe that the Deal Origination Platform will improve the sourcing process in the mid-market space which is a very fragmented ecosystem.”
Rafael S. Lajeunesse, CEO of ReachX, added: “We are delighted to have successfully reached this milestone with Lendable and Advance Global Capital, two leaders in impact investing operating globally. We believe the Deal Origination Platform is a new way to source and execute transactions and bring issuers, investors and advisors together more efficiently.”
The Deal Origination Platform opened last year with an objective of digitally connecting issuers to institutional investors in the midcap space (transactions of €5 to €250M). All the deals are vetted and curated before being approved on the platform. Since opening the platform, ReachX has received more than €2 Billion worth of transactions across Private markets and Real estate.
The platform was founded in December 2017 and is led by Rafael S. Lajeunesse (CEO), Olivier Beau de Loménie (CTO) and Matthieu Gervis (CCO). Prior to ReachX, Rafael was a portfolio manager with J.P. Morgan & Co. and a consultant with McKinsey & Co., while Olivier has founded several start-ups within the online retail, data analytics and fintech sectors and Matthieu was an executive with Goldman Sachs and Merrill Lynch in their Fixed Income Divisions.