Jump to content

Firstpex: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
m mark hyphenated adverb so semiautomatic editors will avoid it
OKTalker (talk | contribs)
44 edits
No edit summary
 
(38 intermediate revisions by 25 users not shown)
Line 1: Line 1:
{{orphan|date=January 2012}}
{{More citations needed|date=November 2019}}
{{Infobox company
[[File:Firstpex.jpg|thumb|firstpex logo]]
| name = Firstpex
| logo = Firstpex.jpg
| industry = [[Private equity]]
| founded = 2011
| founder = Patrick Gruhn
| defunct = {{End date|2016}}
| website = {{URL|http://www.firstpex.com/}} (site no longer exists)
}}
'''FirstPEX''' was a [[private electronic market]] for [[private equity]] transactions based in Switzerland.


== History ==
FirstPEX is an [[Online auction business model|online auction]] site (Private Network Market or PNM) for [[private equity]] transactions that allows qualified investors to buy and sell equities to each other through a bidding process,<ref>{{cite web|url=http://www.firstpex.com/about/ |title=About |publisher=FirstPEX |date= |accessdate=2012-01-19}}</ref><ref>{{cite web|last=Arnott |first=Sarah |url=http://www.independent.co.uk/news/business/sharewatch/small-talk-the-engineers-who-are-building-human-tissue-2333641.html |title=Small Talk: The engineers who are building human tissue - Sharewatch - Business |publisher=The Independent |date=2011-08-08 |accessdate=2012-01-19}}</ref> which enables the parties to find a mutually agreeable price. Its primary audience is entrepreneurs, investors and business owners, in which negotiations and the exchange of information on investment transactions is covered prior to closing transactions. The site also allows users to trade in [[non-liquid assets]]. The platform is not subject to the regulatory supervision by the Swiss Financial Market Supervisory Authority ([[FINMA]]); however it is subject to authorization in [[Europe]].<ref>{{cite web|url=http://fr.reuters.com/article/idUKTRE75R2G920110628 |title=Trading platform could put price on Ikea and Bosch &#124; Reuters |publisher=Fr.reuters.com |date=2009-02-09 |accessdate=2012-01-19}}</ref>


The platform was founded by Patrick Gruhn in 2011.<ref>{{Cite web |title=Europe needs a second market |url=https://www.newbusiness.co.uk/articles/entrepreneurs/europe-needs-a-second-market |access-date=2023-06-13 |website=www.newbusiness.co.uk |language=en}}</ref> At the time of its launch, it was compared to the American [[SecondMarket]].<ref>{{Cite news |date=2011-11-15 |title=CORRECTED-Advisor opens new line on SME funding |language=en |work=Reuters |url=https://www.reuters.com/article/smes-platform-idINL5E7ME48Y20111115 |access-date=2023-06-13}}</ref> Through a partnership with UK-based Autumn Capital Partners the platform was expanded outside of Switzerland to the rest of Europe.<ref name="ii">{{cite web |url=https://www.institutionalinvestor.com/article/b150zrglzmzf03/swiss-tech-firm-extends-platform-to-europe |title=Swiss Tech Firm Extends Platform To Europe |date=November 15, 2011 |website=Institutional Investor |access-date=April 18, 2021}}</ref> The platform was not subject to the regulatory supervision by the Swiss Financial Market Supervisory Authority ([[FINMA]]); however it was subject to authorization in [[Europe]].<ref>{{cite web|url=https://www.reuters.com/article/businesspro-us-switzerland-trading-idUKTRE75R2G920110628 |title=Trading platform could put price on Ikea and Bosch |last1=de Sa’Pinto |first1=Martin |last2=Cage |first2=Sam |publisher=Reuters |date=June 28, 2011 |accessdate=May 1, 2021}}</ref>
⚫
The site is based on the [[Django]] web framework, and has functionality to navigate through listings according to various of criteria such as asset class, investment volume, country of origin, sector and industry. It includes a live chat and a data room for the secure sharing of files.

The company was dissolved in 2016.<ref>{{Cite web |title=FIRSTPEX LTD overview - Find and update company information - GOV.UK |url=https://find-and-update.company-information.service.gov.uk/company/08248488 |access-date=2023-06-13 |website=find-and-update.company-information.service.gov.uk |language=en}}</ref>

== Features ==
The site required users to purchase a paid membership in order to trade.<ref>{{Cite web |date=2011-09-27 |title=LPO launches FirstPEX to trade privately-owned shares and investments {{!}} Hedgeweek |url=http://www.hedgeweek.com/2011/08/03/126583/lpo-launches-firstpex-trade-privately-owned-shares-and-investments |archive-url=https://web.archive.org/web/20110927183558/http://www.hedgeweek.com/2011/08/03/126583/lpo-launches-firstpex-trade-privately-owned-shares-and-investments |archive-date=2011-09-27 |access-date=2023-06-13 |website=Hedgeweek}}</ref> It allows qualified [[investor]]s to buy and sell equities in privately owned to each other through a [[Bidding|bidding process]] which enables the parties to find a mutually agreeable price.<ref>{{cite news |last=Arnott |first=Sarah |date=2011-08-08 |title=Small Talk: The engineers who are building human tissue - Sharewatch - Business |work=The Independent |url=https://www.independent.co.uk/news/business/sharewatch/small-talk-the-engineers-who-are-building-human-tissue-2333641.html |accessdate=2012-01-19}}</ref><ref name=":0">{{Cite web |title=Private company share trading platform launches |url=https://www.telegraph.co.uk/finance/yourbusiness/8675099/Private-company-share-trading-platform-launches.html |access-date=2023-06-13 |website=www.telegraph.co.uk}}</ref> The site's primary userbase was made up of [[Entrepreneurship|entrepreneurs]], investors and business owners, in which negotiations and the exchange of information on investment transactions is covered prior to closing transactions.<ref name=":0" />

⚫
The site also allowed users to trade in [[Fixed asset|non-liquid assets]].<ref name="ii" /> The site was based on the [[Django (web framework)|Django]] web framework, and had functionality to navigate through listings according to various of criteria such as asset class, investment volume, country of origin, sector and industry. Its features also included a live chat and a data room for the secure sharing of files.


==References==
==References==
{{reflist}}
{{reflist}}

===Additional sources===
* {{cite web | url=http://www.reuters.com/article/2011/11/15/smes-platform-idUSL5E7ME48Y20111115 | title=CORRECTED-Advisor opens new line on SME funding | publisher=[http://www.reuters.com Reuters] | date=November 15, 2011 | accessdate=January 19, 2012 | author=Jeffs, Luke}}
* {{cite web|url=http://www.cnbc.com/id/45296006/Hedge_fund_opens_new_channel_for_SME_funding |title=Hedge fund opens new channel for SME funding |publisher=Cnbc.com |date=2011-11-14 |accessdate=2012-01-19}}{{deadlink|date=January 2012}}


==External links==
==External links==
* [http://www.firstpex.com/ Official website]
* [http://www.firstpex.com/ Official website]
* {{cite web|url=http://webfarm.bloomberg.com/apps/news?pid=20670001&sid=aKHfJHLTAxKE |title=First Online Market to Trade Shares in Privatelyx-Owned European Companies Launches |publisher=Webfarm.bloomberg.com |date=2011-08-02 |accessdate=2012-01-19}}
* {{cite web|url=http://webfarm.bloomberg.com/apps/news?pid=20670001&sid=aKHfJHLTAxKE |title=First Online Market to Trade Shares in Privatelyx-Owned European Companies Launches |publisher=Webfarm.bloomberg.com |date=2011-08-02 |accessdate=2012-01-19}}
* {{cite web|url=http://www.hedgeweek.com/2011/08/03/126583/lpo-launches-firstpex-trade-privately-owned-shares-and-investments |title=LPO launches FirstPEX to trade privatelyx-owned shares and investments |publisher=Hedgeweek |date=2011-12-20 |accessdate=2012-01-19}}{{deadlink|date=January 2012}}
* {{cite web|url=http://www.privateequitymanager.com/PrintView.aspx?aid=62471&type=2&hashID=50EA411EBAF205EEADA4852F51B3D31D1B7F7A14 |title=Europe gets its own 'SecondMarket' |publisher=Privateequitymanager.com |date=2011-08-04 |accessdate=2012-01-19}}
* {{cite web|url=http://www.fmwf.com/media-type/news/2011/11/advisor-opens-new-line-on-sme-funding/ |title=Advisor opens new line on SME funding « FMWF |publisher=Fmwf.com |date=2011-11-15 |accessdate=2012-01-19}}
* {{cite web|url=http://www.privateequitymanager.com/PrintView.aspx?aid=62471&type=2&hashID=50EA411EBAF205EEADA4852F51B3D31D1B7F7A14 |title=Europe gets its own ‘SecondMarket’ |publisher=Privateequitymanager.com |date=2011-08-04 |accessdate=2012-01-19}}


[[Category:Online auction websites]]
[[Category:Online auction websites of Switzerland]]
[[Category:Private equity]]
[[Category:Private equity firms]]
[[Category:Defunct websites]]
{{Ict-company-stub}}

Latest revision as of 01:24, 26 June 2023

Firstpex
IndustryPrivate equity
Founded2011
FounderPatrick Gruhn
Defunct2016 (2016)
Websitewww.firstpex.com (site no longer exists)

FirstPEX was a private electronic market for private equity transactions based in Switzerland.

History

[edit]

The platform was founded by Patrick Gruhn in 2011.[1] At the time of its launch, it was compared to the American SecondMarket.[2] Through a partnership with UK-based Autumn Capital Partners the platform was expanded outside of Switzerland to the rest of Europe.[3] The platform was not subject to the regulatory supervision by the Swiss Financial Market Supervisory Authority (FINMA); however it was subject to authorization in Europe.[4]

The company was dissolved in 2016.[5]

Features

[edit]

The site required users to purchase a paid membership in order to trade.[6] It allows qualified investors to buy and sell equities in privately owned to each other through a bidding process which enables the parties to find a mutually agreeable price.[7][8] The site's primary userbase was made up of entrepreneurs, investors and business owners, in which negotiations and the exchange of information on investment transactions is covered prior to closing transactions.[8]

The site also allowed users to trade in non-liquid assets.[3] The site was based on the Django web framework, and had functionality to navigate through listings according to various of criteria such as asset class, investment volume, country of origin, sector and industry. Its features also included a live chat and a data room for the secure sharing of files.

References

[edit]
  1. ^ "Europe needs a second market". www.newbusiness.co.uk. Retrieved 2023-06-13.
  2. ^ "CORRECTED-Advisor opens new line on SME funding". Reuters. 2011-11-15. Retrieved 2023-06-13.
  3. ^ a b "Swiss Tech Firm Extends Platform To Europe". Institutional Investor. November 15, 2011. Retrieved April 18, 2021.
  4. ^ de Sa’Pinto, Martin; Cage, Sam (June 28, 2011). "Trading platform could put price on Ikea and Bosch". Reuters. Retrieved May 1, 2021.
  5. ^ "FIRSTPEX LTD overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2023-06-13.
  6. ^ "LPO launches FirstPEX to trade privately-owned shares and investments | Hedgeweek". Hedgeweek. 2011-09-27. Archived from the original on 2011-09-27. Retrieved 2023-06-13.
  7. ^ Arnott, Sarah (2011-08-08). "Small Talk: The engineers who are building human tissue - Sharewatch - Business". The Independent. Retrieved 2012-01-19.
  8. ^ a b "Private company share trading platform launches". www.telegraph.co.uk. Retrieved 2023-06-13.
[edit]
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Firstpex&oldid=1161946640"