SANTA CLARA, Calif., May 14 /PRNewswire-FirstCall/ -- SVB Silicon
Valley Bank, the premier commercial bank for technology and life science
companies of all sizes, today announced it served as the agent for a $40
million term loan to assist Francisco Partners, one of the world's largest
technology-focused private equity investment firms, in its acquisition of
FX Solutions LLC. FX Solutions provides customers in more than 140
countries with an online foreign exchange trading platform using
sophisticated pricing and execution algorithms.
The financing is part of SVB Silicon Valley Bank's growing leveraged
lending capability and focus on providing structured debt and banking
solutions to private equity firms in the buyout arena.
"Funding private equity backed buyouts is an important business for us
and it's one of our strengths," said Brian Sherer, managing director at SVB
Silicon Valley Bank. "SVB has been supporting venture-backed companies for
nearly 25 years. Our experience and extensive relationships in the
technology sector is serving us well in the private equity arena. We're
proud to be working with an A-list firm like Francisco Partners."
About FX Solutions LLC
FX Solutions LLC, based in Saddle River, N.J., provides a proprietary
Internet-based foreign exchange trading platform to retail traders, and
serves as a market maker and principal counterparty in the retail foreign
exchange market. FX Solutions was noted as the fastest growing company in
the retail foreign exchange market in 2005, and was ranked 136 in 2006, in
Inc. Magazine's annual list of the 500 fastest growing private companies.
The company is registered with the Commodity Futures Trading Commission and
is a member of the National Futures Association. For more information on FX
Solutions, go to http://www.fxsolutions.com.
About Francisco Partners
Francisco Partners, with approximately $5 billion of committed capital,
is one of the world's largest technology-focused private equity investment
firms. The firm, headquartered in Menlo Park, Calif., was founded to pursue
structured investments in technology companies undergoing strategic,
technological and operational inflection points. For more information on
Francisco Partners, go to http://www.franciscopartners.com.
About SVB Silicon Valley Bank
SVB Silicon Valley Bank provides commercial banking services to
emerging growth and mature companies in the technology, life science,
private equity and premium wine industries. Through its focus on
specialized markets and extensive knowledge of the people and business
issues driving them, SVB Silicon Valley Bank provides a level of service
and partnership that measurably impacts its clients' success. Founded in
1983 and headquartered in Santa Clara, Calif., the company serves clients
around the world through 27 U.S. offices and three international
operations. SVB Silicon Valley Bank is a member of global financial
services firm SVB Financial Group, with SVB Alliant, SVB Analytics, SVB
Capital, SVB Global and SVB Private Client Services. For more information
on SVB Silicon Valley Bank, go to http://www.svb.com.
Disclaimer:
SVB Silicon Valley Bank refers to Silicon Valley Bank, the California
bank subsidiary and the commercial banking operation of SVB Financial
Group. Banking services are provided by Silicon Valley Bank, a member of
the FDIC and the Federal Reserve. SVB Private Client Services is a division
of Silicon Valley Bank. SVB Financial Group is also a member of the Federal
Reserve.
SOURCE SVB Financial Group
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Related links:
http://www.svb.com/
CONTACT:
Meghan O'Leary of SVB Financial Group,
+1-408-654-6364, or moleary@svb.com
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