Historic Transactions

The Key to a Great Investment is a Great Partner

Finaro

Finaro, originally established as Credorax in 2007 by Benny Nachman, is an online merchant acquiring bank and payment service provider (PSP). Orion Global Advisors invested in Credorax in 2010. In 2021, Credorax rebranded Finaro as a strategic shift to simplify payments in a complex global e-commerce landscape.

In March 2022, Finaro announced its acquisition by U.S.-based payments company Shift4 in a deal valued at $575 million. The acquisition was completed on October 26, 2023.

Shift4 announced the acquisition of Finaro, emphasizing that this move would enhance their ability to support global customers like SpaceX’s Starlink. Shift4 CEO Jared Isaacman stated, “This deal clearly shows our ability to support existing transformational and global customers like SpaceX Starlink.”

Malin

During the 2019 financial crisis of the Woodford Equity Income Fund (WEIF), the fund faced significant liquidity challenges due to substantial investments in illiquid assets, notably a stake in Malin Corporation, an Irish life sciences company. As investors sought withdrawals, WEIF struggled to meet redemption requests, leading to its suspension in June 2019.

To address these liquidity issues and return capital to investors, the fund's administrators initiated the sale of various holdings, including shares in Malin Corporation.

Orion Global Advisors, in collaboration with a U.S.-based medical professional, acquired shares in Malin through block transactions in the open market. We identified that Malin was grossly undervalued compared to the net asset value (NAV) of its core holdings, which included notable startups Kymab, Immunocore, Poseida Therapeutics, and Viamet Pharmaceuticals.

We later exited our position by selling the shares back to Malin through tender offers during the company's share buyback programs.

Historic Transactions

Finaro

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