ProPay Ltd (A)
Subject
Economics, Strategy and Entrepreneurship
Authors / Editors
Willey K
Biographies
Publication Year
2018
Abstract
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
Industry
Electronic payments
LBS Case Number
CS-18-021
Location
United Kingdom
Publication Notes
Available on ECCH
No
