Tioga Venture, Strategic Advisor to AXA Private Equity in Welcome Buyout
Tioga Venture co-founding partner Frédéric Halley played a key role in AXA-Welcome buyout, providing strategic consulting services to AXA Private Equity throughout the duration of the buyout.
"In a management buyout, AXA Private Equity has acquired the majority of the shares of Welcome Real-time, a global provider of payment software for financial institutions and payment networks. The remaining shares were purchased by the current management team.
Sébastien Guillaud, Welcome’s CEO, said, “Our performance has been very good over the past few years, and our biggest and fastest growth is still to come. Having a fresh, new major investor on board is critical during this transition phase. AXA Private Equity is very excited about our potential and will give us all the support we will need to achieve our goal of becoming irresistible to banks everywhere and a standard in the payment industry.”
Welcome has bank customers in 21 countries around the world. Revenues have been growing at 50% per year. The company’s 140 employees are based in Aix-en-Provence, Singapore, Sao Paulo, Paris, London, Milan, Madrid, Miami and Shanghai...."
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