Carlyle enters into definitive agreement to sell Money Square Holdings to NCM in Japan

Dec 19, 2022 | News

Global investment firm Carlyle announced it has signed an agreement to sell its majority stake in Money Square Holdings, a Japanese investment solutions and fintech provider focused on FX trading services, to Neusynergy Capital Management Corp

Carlyle’s Japan platform has invested more than 450bn yen across 35 private equity investments since 2000, and has been active in the technology sector with investments such as WingArc1st, ARUHI Corporation and AOI TYO Holdings, among others.

Founded in 2002, Money Square is a Tokyo-headquartered fintech and advisory firm offering margin FX trading services to retail investors as well as consulting services to its customers.

Globally, Carlyle has deployed over $44bn in 330 deals in the technology and financial services sectors, as of September 30, 2022.

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Carlyle acquired a majority stake in Money Square in October 2016. During its investment period, Carlyle worked closely with Money Square’s management team to help strengthen the Company’s corporate and governance structures and leadership capabilities, as well as helped implement decision-making processes and systems designed to drive operational efficiencies and growth.

Carlyle also worked with the Company to help upgrade its trading platform capabilities, paving the way for a series of new currency launches on its platform.

Under Carlyle’s ownership, Money Square strengthened its presence in the Japanese market with its assets under custody (“AUC”) growing from 66bn yen in October 2016 to 100bn yen in November 2022, the highest AUC in the Company’s twenty-year history.

Carlyle believes Money Square’s customer-centric approach to serving its customers’ anticipated medium- and long-term FX investment management needs closely aligns with Nojima’s strategic focus on developing its personal financial services business, and will support continued growth at the Company as it enters its next stage of development.

Source: Carlyle

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