Quayle Munro is pleased to announce that it has advised Five Arrows Principal Investments (“FAPI”), the mid-market private equity fund backed by the Rothschild Group, on its acquisition of an interest in Pirum Systems Limited (“Pirum”), the leading provider of post-trade market infrastructure technology for the securities finance industry.
FAPI, alongside Camwell Management LLP (“Camwell”), has agreed to acquire a stake in Pirum, backing the management team led by Rajen Sheth as CEO, previously managing director, to continue the growth of the business. Rupert Perry and Jeff Armstrong, the two co-founders of Pirum, will remain with Pirum and continue as shareholders in the company.
Founded in 2000, Pirum has over the last 15 years delivered a comprehensive portfolio of post-trade services enabling customers in the wholesale securities finance markets to electronically connect to both their counterparties and other market infrastructure providers.
Pirum’s centralised hub is connected to the internal systems of over 100 market participants, with more than 30 of these being connected to Pirum’s market-leading and innovative Real-Time services. The Company’s services are used by both borrowers and lenders as a critical element of their post-trade processes for securities lending, repos and any associated collateral transactions.