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ProPay Ltd (A)


Economics, Strategy and Entrepreneurship

Authors / Editors

Willey K


Publication Year



Rick Stein gazed out at Propay Ltd’s car park where his fifteen-year-old car now languished.A year ago ProPay’s previous owner parked his Maserati in the exact same spot – a contrast that seemed oddly symbolic of Rick’s current predicament. He had bought the payments gateway business after raising a Search Fund from a number of private investors and with a plan to improve what he perceived to be an ‘undermanaged’ business. A few months later it had become apparent that more funding was needed. He returned to his financial model to consider his position…

Topic List

Financing, Mergers and Acquisitions, Search funds


Electronic payments

LBS Case Number



United Kingdom

Available on ECCH


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