Fintech start-up acquirer Silver Falcon to float on London Stock Market
Silver Falcon, a shell investment company that is aiming to acquire fintech start-ups is today floating on the London Stock Market.
The newly formed company is aiming to take advantage of London’s booming fintech startup scene, that in September Morning Wire reported had seen record investment so far in 2015 of £357m.
The directors of Silver Falcon are Geoffrey Dart, Peter Redmond and Adrian Beeston.
Director and chairman Dart said: “Our directors have significant track records in sourcing and executing successful acquisitions and returning value to shareholders and have a particular interest in the FinTech sub-sector.
Last month payment processing company Worldpay, part of the fintech old guard, had London's biggest stock market listing of the year.
Worldpay, previously owned by Royal Bank of Scotland, was valued at £4.8bn.
“We look forward to acquiring companies that generate value for our shareholders through operational improvements, along with potential further complementary acquisitions,” Dart added.