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Motive Insights - Motive Partners Agrees to the Sale of Global Shares to J.P. Morgan

March 20 · Issue #297 · View online
Motive Insights
This week, we are delighted to announce the signing of the sale of Global Shares, a leading Irish financial technology firm and provider of stock plan management software, to J.P. Morgan. Motive Partners invested in Global Shares in July 2018, acquiring a c.40% shareholding in the business for c.$25 million.
Global Shares was originated as a proprietary growth investment opportunity by Motive Partners Investment Lead, Neil Cochrane (Partner of Motive Partners and Member of the Board of Directors of Global Shares), and Andy Stewart (Motive Industry Partner and current Executive Chairman of the Board of Directors of Global Shares). Since investment, we are proud to share that the Motive team has successfully worked together with Global Shares management to deliver on the value creation plan, focus on global expansion and drive new business.
Global Shares grew considerably during the partnership with Motive Partners. Their expansive client base of over 600 corporate clients ranges from early-stage start-ups to mature multinational public corporations. Global Shares reached nearly $200 billion in assets under administration across 650,000 corporate employee participants, and now boasts an experienced team of more than 600 employees.
Global Shares selected Motive as its partner-of-choice because of Motive’s financial technology expertise, and its model of bringing a technology-first and execution-focused approach to investing in financial technology. Andy Stewart, Industry Partner at Motive, was appointed Executive Chairman of the Board of Directors, and Neil Cochrane, Partner at Motive, was appointed to the Board of Directors, supporting the growth agenda with the management team. During its ownership of Global Shares, Motive played a hands-on role in supporting the execution of the value creation plan, including the appointment of Motive Create technologist, Christophe Bouhon, as CIO, operational improvements, new product launches and significant client-wins in new territories.
The strategic combination ahead with J.P. Morgan seeks to accelerate Global Shares’ mission, simplify employee ownership, and equip J.P. Morgan clients with further incentivization capabilities for their clients and employees. J.P. Morgan intends to eventually integrate Global Shares into its Asset & Wealth Management line of business, as the company supports the next phase of Global Shares’ growth agenda.
Read more here.

Quote of the Week
Following our announcement this week regarding the upcoming sale of Motive portfolio company, Global Shares, to J.P. Morgan, Andy Stewart, Industry Partner, Motive Partners and Executive Chairman, Global Shares shared his excitement:
“At the outset of our investment partnership, we committed to the Global Shares team that we would extend access to our global network and expertise. I am delighted with the firm’s extraordinary growth in recent years, culminating in Global Shares being a leader in its field. Under Mary’s leadership, J.P. Morgan will continue to partner with Tim and the rest of the Global Shares’ management team to deliver long term value for Global Shares’ extensive client base, and I know these two great firms will have a bright future together.”
Paschal Donohoe, Minister for Finance for Ireland, expressed his confidence in the move:
“I welcome this announcement of the acquisition of Global Shares by J.P. Morgan. This is an example of ISIF, through its investment in Motive Partners, helping to develop and grow an Irish business towards securing this investment from a global player such as J.P. Morgan. I also welcome the fact that the company will retain its headquarters in Cork during the next phase of its growth agenda, thereby providing future employment in financial technology in the region. Well done to all.”
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