Small World Money Transfer
Small World Financial Services - Finanzas
Small World Money Transfer
Small World Financial Services - Finanzas

FF&P Private Equity invests to support the further expansion of the leading independent Money Transfer Operator in Europe

New capital will accelerate growth by funding additional acquisitions and organic expansion
into new territories

London, United Kingdom – 10th May 2010

FF&P Private Equity (‘FF&P’) are pleased to announce a substantial capital investment in the Small World Financial Services Group – Europe’s leading independent international money transfer company.

The international money transfer market is large, growing and highly fragmented. A market leader in the sector, Small World has annual remittance volumes in excess of $1bn from senders in seven countries: United Kingdom, Italy, Spain, Portugal, Ireland, Belgium and Switzerland. The company has built a large, loyal customer base with highly scalable operations comprising a strong network of banking partners, and a market leading IT platform. Additionally, the Company has a well-developed pipeline of potential acquisitions and partnership agreements. The new capital investment by FF&P alongside continued follow on investment from Small World's existing shareholders will allow the company to accelerate
these opportunities.

Henry Sallitt and Dan Walker of FF&P have joined the board of Small World at completion of
the investment.

Henry Sallitt, Co-Head and Director of FF&P Private Equity, said “We have been aware of Small World for a number of years and are very impressed with the achievements of the management team to date. We believe that our investment will provide the Company and the team with the necessary resources to accelerate their growth strategy. We are excited by the opportunity and look forward to driving this international business forward in the coming years.”

Nick Day, Managing Director of Small World commented, “I am very excited to be able to announce this investment, and to be working alongside FF&P to take Small World to the next level. Small World’s customer proposition is market-leading and this investment will support our rapid roll-out to new territories, as well as continued consolidation within our core markets”.

About Small World Financial Services Group:

Established in 2005 and headquartered in London, Small World has grown rapidly to become a leader in the European money transfer industry. With transaction volumes of over $1bn, the business is the largest independent provider of international remittances services in Europe. The Company operates a network of 155,000 outlets in 118 countries.

About FF&P Private Equity:

Fleming Family & Partners is part of one of the largest multi-family offices in Europe with assets under management of in excess of £3 billion and 200 employees located in 4 international offices. FF&P Private Equity is a wholly-owned subsidiary of the Group and manages over £250mn, which it invests directly into growth companies for significant minority or majority shareholdings.