Craven Street Capital (“CSC”) is delighted to set out below the announcement of Origo Services Limited (“Origo”) sale to Vespa Capital LLP (“Vespa”). Craven Street Capital acted as the sole corporate finance adviser to Origo and its shareholders for this transaction.
Anthony Rafferty, CEO of Origo said “We are extremely grateful to Craven Street Capital for supporting the process in such a professional way and are delighted with the outcome for our founding shareholders, our customers and the business.”
Origo is an Edinburgh-based fintech business that provides critical infrastructure to the pensions and lifetime savings industry. It has a long history of developing technology solutions to solve inefficiencies and address pain points across the industry. The company was established in 1989 and was owned by twelve of the largest pensions providers and investment management firms in the UK. Throughout its 33-year history, Origo has developed market leading services for the benefit of pension providers, financial adviser and consumers.
The investment from Vespa Capital, with the support of incumbent management team, will enable Origo to become fully independent with a governance structure that enables it to invest in developing existing products and deliver new solutions for its clients.
We are excited to see the next stage in Origo’s journey in partnership with Vespa Capital.