M&A Deal Summary

Morgan Stanley Expansion Capital Acquires Sokin

On July 24, 2024, growth capital firm Morgan Stanley Expansion Capital acquired financial services company Sokin

Acquisition Highlights
  • This is Morgan Stanley Expansion Capital’s 1st transaction in the Financial Services sector.
  • This is Morgan Stanley Expansion Capital’s 3rd transaction in the United Kingdom.

M&A Deal Summary
Date 2024-07-24
Target Sokin
Sector Financial Services
Buyer(s) Morgan Stanley Expansion Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sokin

London, United Kingdom
Sokin is a fintech firm simple vision to remove the borders, barriers, and burdens associated with international payments. Sokin enables global businesses to transfer, hold, and exchange over 100 currencies with its multi-currency IBAN and local currency accounts – all through one comprehensive platform. Sokin was founded in 2019 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Morgan Stanley Expansion Capital

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Expansion Capital is a division of Morgan Stanley that looks to make growth equity and credit investments in expanding companies operating in the healthcare, digital media, e-commerce, consumer and business services sectors. The unit will consider opportunities throughout North America and Western Europe and primarily targets companies with established products/services looking to scale. Morgan Stanley Expansion Capital is headquartered in New York City.

DEAL STATS #
Overall 47 of 48
Sector (Financial Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
Country (United Kingdom) 3 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 OpsRamp

San Jose, California, United States

OpsRamp provides cloud-based IT operations management SaaS solutions for observability of infrastructure, application, and network performance metrics. OpsRamp’s solution is horizontal, with broad applicability across a number of enterprise end-markets, including the Life Sciences, Information Technology, Financial Services, and Telecommunications industries. OpsRamp was founded in 2014 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 NovoPayment

Miami, Florida, United States

NovoPayment is a financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions. NovoPayment is based in Miami, Florida.

Buy -
Mergr

Product

Company

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