27 Jan Member Spotlight: NovitasFTCL
NovitasFTCL is a boutique corporate finance advisory firm focused exclusively on the European fintech sector. It specialises in international mergers & acquisitions (M&A) and capital raises, including venture capital, growth capital, and private equity transactions. The firm has a proven track record in the fintech sector, having successfully closed 20 major transactions in the past four years. An experienced, knowledgeable, and passionate team of advisors coupled with a bespoke approach to advising are what define and distinguish NovitasFTCL.
Managing Partners Alexis Thieriet and John Gilligan both have extensive experience in corporate finance – 21 and 12 years, respectively – that pre-dates the rise of fintech disruptors. Corporate finance advisory boutique Novitas Partners initially launched in London in 2004 with John Gilligan as one of its founding partners. It was not until nearly 10 years later, in 2013, that Alexis Thieriet launched his own advisory boutique – FTCL – after many years working for investment banks such as UBS and Morgan Stanley. The two boutiques were in many ways similar, but also complemented one another in that each served differing fintech segments and European countries. Consequently, the two firms merged to become NovitasFTCL in 2016. Now, the company is a partner led business supported by a small but highly experienced team of associates.
The scope of knowledge that NovitasFTCL offers its clients extends beyond the European fintech sector. Specifically, the firm has an extensive network of contacts and considerable experience connecting European fintech firms with parties in the US for investment or acquisition transactions. Another success factor emphasised by Managing Partner Alexis Thieriet is its dedicated approach to bespoke, senior advice. “Our clients choose us for seniority, experience, and the reach of senior contacts into potential buyers and investors.” NovitasFTCL’s finely tuned approach to corporate finance advising in the fintech sector has helped it to successfully close transactions within various segments of the fintech ecosystem such as online payments, financial software, or capital markets technology. In late 2015 for instance, NovitasFTCL helped facilitate the acquisition of payment solution platform MangoPay by its client Crédit Mutuel Arkea, a large French bank.
Although its head office is based in London, NovitasFTCL has recently established itself in Amsterdam. For Alexis Thieriet, the decision was logical. He sees a lot of promise in the Dutch fintech sector: “Amsterdam is doing a lot of extremely interesting things around fintech, but I believe the coherent and structured approach is really helping to strengthen it as a hub, and outshine other European fintech hubs that are less consistently organised in that respect.”
“Another appeal of Amsterdam and the Netherlands are these pockets of strength in the Dutch fintech ecosystem. The obvious one is payments, which is pulled along by ‘godfather’ of the sector, Adyen…But it isn’t just payments though, banking software is another strong segment with firms such as Backbase, Five Degrees or Ohpen. And Amsterdam is also a major tech-driven financial trading centre (Optiver, Flow Traders, IMC, etc), and this just makes it even more ideal to offer our services.”
Although Alexis has been a Holland FinTech member since its earliest days, NovitasFTCL only recently signed on as a paying member. Going forward, NovitasFTCL is excited to continue collaborating with Holland FinTech, and is hoping to reach more businesses in the Dutch fintech world with its advisory services. Alexis Thieriet: “We are very enthusiastic about Holland FinTech. The work Don Ginsel has done to help push a structured fintech ecosystem in the Netherlands is fantastic.”