Da Vinci Capital Exits Global Fintech Solutions Investment
Central and Eastern European private equity investor Da Vinci Capital has exited its investment in Global Fintech Solutions, a fintech platform focused on global financial technologies transfer into emerging markets, to Singapore-based investment firm Prytek Group.
“We realized one of the fastest exits in our history, having invested only in 2018. Partial exit allows us to receive the profits and show positive returns, which are so crucial for every fund manager," says Oleg Jelezko, Managing Partner at Da Vinci Capital. "We think the fintech market remains one of the largest and fastest-growing markets in the world, and we look positively into the future.”
“The world is changing rapidly especially with respect to the global fintech market. We wanted to assert control over GFS in order to use this valuable portfolio for expansion into international markets. GFS’ R&D technologies are the best-in-class assets that operate in the fast growing financial market which is undergoing technological disruption.” Igor Rybakov, co-founder of Prytek , comments on the deal.
Da Vinci Capital is backed by the European Bank for Reconstruction and Development and other major institutional investors, and has over $400 million of assets under management.
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