Boutique advisory business adds gravitas to CrowdX buyside
April 26th, 2022 – CrowdX (www.crowdx.co.uk) the electronic solution for issuing and trading securities in privately held businesses, has today announced the signing of a Memorandum of Understanding (MoU) with the business advisory services boutique, Hyman Capital (www.hymancapital.com). Founded in 2005, the company provides services including introductions to equity and debt providers, transaction services and support and valuations to clients in sectors ranging from energy to financial services and life sciences.
Mike McCudden, CEO of CrowdX, commented:
“As a boutique, Hyman Capital truly gets the ethos of what we stand for at CrowdX. I’m excited to be working with Clive and his team who will be able to extend their deep market knowledge to our clients, as well as opening up a raft of new investment opportunities via their extensive buy-side network.”
Having already onboarded its first clients, CrowdX is now looking to connect these investment opportunities with the buy side. Primary market activity is undertaken using a bespoke, single log-in web-based platform whilst secondary market functionality is delivered via the company’s FIX API. A number of brokers and institutions are in the process of deploying connections to CrowdX whilst Hyman Capital will be the first business advisory provider to link its clients into this network.
Clive Hyman, CEO of Hyman Capital commented:
“At a time when demand for investing into privately held businesses is growing apace, we believe the CrowdX proposition creates a fantastic opportunity for our customers. There’s never a shortage of private businesses seeking funding, but to see these opportunities set against transparent, validated investment criteria along with a liquid secondary market truly does set CrowdX apart in the UK.”