Firstpex
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| Industry | Private equity |
|---|---|
| Founded | 2011 |
| Founder | Patrick Gruhn |
| Defunct | 2016 |
| Website | www |
FirstPEX is a private electronic market for private equity transactions based in Switzerland.
History
The platform was founded by Patrick Gruhn in 2011.[1][when?] Through a partnership with UK-based Autumn Capital Partners the platform was expanded outside of Switzerland to the rest of Europe.[2] 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.[3]
The company was dissolved in 2016.[4]
Features
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.[5][6] 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 allowed users to trade in non-liquid assets.[2] 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.
References
- ^ "Europe needs a second market". www.newbusiness.co.uk. Retrieved 2023-06-13.
- ^ a b "Swiss Tech Firm Extends Platform To Europe". Institutional Investor. November 15, 2011. Retrieved April 18, 2021.
- ^ de Sa’Pinto, Martin; Cage, Sam (June 28, 2011). "Trading platform could put price on Ikea and Bosch". Reuters. Retrieved May 1, 2021.
- ^ "FIRSTPEX LTD overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2023-06-13.
- ^ Arnott, Sarah (2011-08-08). "Small Talk: The engineers who are building human tissue - Sharewatch - Business". The Independent. Retrieved 2012-01-19.
- ^ "Private company share trading platform launches". www.telegraph.co.uk. Retrieved 2023-06-13.
External links
- Official website
- Jeffs, Luke (November 15, 2011). "CORRECTED-Advisor opens new line on SME funding". Reuters. Retrieved January 19, 2012.
- "First Online Market to Trade Shares in Privatelyx-Owned European Companies Launches". Webfarm.bloomberg.com. 2011-08-02. Retrieved 2012-01-19.
- "LPO launches FirstPEX to trade privatelyx-owned shares and investments". Hedgeweek. 2011-12-20. Archived from the original on September 27, 2011. Retrieved 2012-01-19.
- "Europe gets its own 'SecondMarket'". Privateequitymanager.com. 2011-08-04. Retrieved 2012-01-19.
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