Inflexion Private Equity is to sell its investment in Global Reach Group (GRG), a UK foreign exchange specialist providing payments and hedging services to businesses and private individuals, to FLEETCOR Technologies, Inc (NYSE: FLT), a global business payments company.
The announcement is the latest in a record period of realisations by Inflexion during 2022 including the successful exits of Marley, Alcumus and Goals with a total valuation in excess of £2.3 billion.
Global Reach Group helps clients manage their cross-border payments and foreign exchange exposure through a range of product solutions which are tied to fundamental business needs. The firm offers corporate payment solutions in more than 80 currencies and nearly 200 countries.
