INVESTMENT NEWS UPDATE:
today announced that it has entered into an agreement to acquire a significant stake of c.40% shareholding in Global Shares,
a leading provider of equity compensation management solutions to global corporations. Under the terms of the agreement, Motive Partners will partner with Global Shares to accelerate the company’s long-term growth and value creation. This will include its international expansion and strategic hiring.
Richard Hayes, Chairman of Global Shares, commented: “In Motive Partners we have found a firm that brings a wealth of financial technology expertise together with the investment capital that will enable us to accelerate achievement of our long-term ambitions. Today’s announcement is a resounding endorsement of the hard work of our team, and it shows that a growth firm from West Cork is capable of competing in the provision of innovative financial services solutions on a global scale.”
Andy Stewart, Partner, Motive Partners, commented: “Global Shares brings a unique and scalable technology platform paired with an exceptional service offering, making it one of the few providers that can support employee share plans on a global basis. Global Shares is positioned for strong continued growth, and we are committed to supporting the management team in delivering its business plan by extending access to our global network and expertise.”
Michael D'Arcy, Ireland’s Minister of State at the Department of Finance, commented:
“I am delighted to see Global Shares, a company backed by Enterprise Ireland, attract a significant investment from Motive Partners. Furthermore, we are pleased that the Ireland Strategic Investment Fund’s (ISIF) partnership with Motive is helping support strategic sectors of the Irish economy, demonstrating the value of a Sovereign Wealth Fund with a development mandate. It is a great example of how an Irish company supported early on in its development can go on to create high quality technology and financial services jobs at home and scale into an international success story. I look forward to watching their continued growth and success, proving Ireland’s fintech sector is capable of creating great companies who can win blue-chip customers on the global stage.”