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March 29, 2016 FINANCIAL TECHNOLOGY PARTNERS FTP Securities LLC is pleased to announce its exclusive role as sole strategic and financial advisor to in its sale of to for A$65,000,000 Courtesy of: Financial Technology Partners Steve McLaughlin 555 Mission St., 23rd Floor Managing Partner San Francisco, CA 94105 The Only Investment Bank Tel: 415.992.8880 Focused Exclusively on Financial Technology [email protected] Highly Confidential and proprietary information. Unauthorized distribution without prior consent from Financial Technology Partners LP or FTP Securities LLC (together “FT Partners”) is strictly prohibited. This communication should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product or service, nor is it an official confirmation of any transaction, or representative of an official position or statement of Financial Technology Partners LP, FTP Securities LLC or any other related entity. FTP Securities LLC is a FINRA registered broker-dealer. © 2016 Travelex Currency Select Sale to Global Blue FT Partners Advises on Sale of Travelex Currency Select for A$65,000,000 Transaction Overview and Rationale Overview of Transaction On Tuesday, March 29th Travelex Group announced the sale of Financial Technology Partners LP Travelex Currency Select (“Currency Select” or the “Business”) to FTP Securities LLC Global Blue for A$65,000,000 Currency Select is a leading provider of electronic payment is pleased to announce its exclusive role as transaction processing services including Dynamic Currency Conversion (“DCC”), Multi-Currency Processing (“MCP”) and payment sole strategic and financial advisor to card acceptance – Currency Select was a stand-alone subsidiary of Travelex Group – Business headquartered in Sydney, Australia in its sale of Global Blue is a leading financial services company, enabling retail transactions between merchants and foreign customers internationally − Global Blue is owned by Silver Lake and Partners Group The transaction is expected to close in 1Q16 to Significance of Transaction Acquisition enables Global Blue to expand its DCC offering and provide partners with an enhanced set of products and services Allows Global Blue to expand into 8 new DCC markets across Asia Pacific and the Middle East; adds 50 world-class payment specialists to Global Blue’s business for a total consideration of Provides Currency Select resources in order to accelerate innovation, serve more customers and extend its global reach A$65,000,000 FT Partners’ Role FT Partners served as exclusive strategic and financial advisor to Travelex Group in this transaction Developed extensive marketing materials and financial analyses to highlight the unique aspects of the Business, and led all aspects of transaction execution The Only Investment Bank Transaction highlights FT Partners’ continued success advising Focused Exclusively on Financial Technology leading companies and generating highly successful outcomes in the FX / International Payments space 2 Travelex Currency Select Sale to Global Blue Travelex Currency Select Business Overview Company Overview Business Segment Overview Outsourcing Managing Director: Damian Cecchi Direct Segment Segment Headquarters: Sydney, Australia Payment Card Founded: 2000 Dynamic Outsourced Acceptance Currency Platform (Merchant Conversion Solutions ■ Leading provider of electronic payment Acquiring) transaction processing services including DCC, MCP and payment card acceptance ■ Solution for ■ End-to-end ■ Third-party merchants merchant payment ■ Enables merchants, payment processors and enabling foreign acquiring services processing, DCC financial institution clients to provide services to cardholders to pay in Australia and MCP services end customers, delivered via the following in their domestic to financial channels: ■ Acquirer currency processing institutions – Point-of-Sale ■ Supports ATM, platform supports including acquirers – E-commerce POS and e- a full suite of and processors – ATM commerce capabilities ■ Acquirers and ■ End-to-end solution leverages a combination of channels including terminal processors technology and services, and is offered through ■ Supports deployment, provide these two business segments: configurable FX switching, services to their settlement and own acquiring – Direct: DCC, MCP and payment exchange rate schemes and reporting merchant client acceptance services for merchant clients in base the Australian market dozens of – Outsourcing: DCC, MCP and 3rd party currencies ■ Provides processing services for financial institution outsourced “back- (acquirers / processors) clients in Asia end” authorization, Pacific and Europe clearing and settlement of DCC ■ Proprietary, scalable and highly customizable or MCC transaction processing technology platform transactions 3 Travelex Currency Select Sale to Global Blue Strong Value Proposition for Acquirers, Merchants and Cardholders Acquirers Merchants Cardholders ■ Value Added Processing: Ability ■ Customer Satisfaction: ■ Transparency: Customer to outsource the authorization, Competitive differentiator and receives offer and receipt up front clearing and settlement of DCC / customer service enhancement which outline exchange rate and MCP transactions (viewed as a service offering even final price of goods if customer does not opt in) ■ New Revenue Stream: ■ Immediacy: Travel expenses known immediately instead of Opportunity to earn revenue share ■ New Revenue Stream: Revenue having to wait for a credit card from DCC and MCP foreign share from DCC foreign exchange statement exchange margin margins provides additional source of income and reduces the ■ Outsourced Technology: ■ Exchange Rate Certainty: cost of card payment acceptance Eliminates need to develop in- Provides cardholders with house capability certainty of exchange rate at the ■ Minimized Treasury Expense: time of transaction ■ CRM Functionality: Ability to Ability to offer DCC and MCP provide a service for merchant solutions without the need to ■ Choice: Provides opportunity to customers to reduce the total cost manage treasury services make a choice about which of card payment acceptance for currency to use and the their business conversion process, which they do not receive when DCC service is not offered 4 Travelex Currency Select Sale to Global Blue Global Blue Overview Company Overview Business Segments Overview CEO: Jacques Stern Full range of products and services covering the following: Headquarters: Eysins, Switzerland Tax Free Currency Marketing Founded: 1980 Shopping Choice Services Current Ownership Silver Lake, Partners Group . Global Blue . Serves as brand . Powerful and operates a wide of dynamic targeted media ■ Global Blue is a leading provider of currency exchange and and trusted Tax currency platform international payment services to consumers, high net worth Free Shopping conversion . Includes SHOP individuals and businesses network, allowing . Enables travelers magazine, travelers to save to choose globalblue.com, ■ Global Blue invented the concept of Tax Free Shopping more money on whether to pay in mobile than 35 years ago and is now the worldwide industry leader, purchases they their home applications and delivering Globe Shoppers the best shopping experience make in any one currency or local individually ■ Creates value for retailers and partners through a range of of our 270,000 currency, giving tailored city products and services: partner stores them clarity on maps, allowing around the world how much they customer to − Global Blue’s Tax Free Shopping solutions allow are spending speak directly to thousands of retailers, including most of the world’s best globe shoppers luxury, fast fashion and department store brands, to quickly and safely offer Globe Shoppers savings of up to 19% when shopping in nearly 300,000 stores around the world Market Consultancy Academy − Global Blue’s Dynamic Currency Conversion solutions Intelligence Services allow merchants around the world to offer foreign . Qualitative and . Education to . Advice on how customers a simple and cost efficient way to pay in their quantitative ensure sales to expand into domestic currency globe shopper staff know how prime globe − Global Blue’s SHOP is a targeted print and online media data to best serve shopper platform, enabling merchants to speak directly to Globe globe shoppers territories Shoppers and attract more international visitors through effectively their doors ■ Global Blue operates internationally with 1,750+ employees 5 Source: Global Blue. Travelex Currency Select Sale to Global Blue Silver Lake Overview Silver Lake Overview Major Transaction Types Growth Equity ■ Supports growth in firms with leading brands, high market share and strong management teams by utilizing Silver Lake’s expertise and investment experience Investment Team: Glenn Hutchins Mike Bingle Leveraged Buyout Egon Durban ■ Purchase a controlling share of the company in order to exert Joe Osnoss Silver Lake’s influence Christian Lucas Headquarters: Menlo Park, CA Founded: 1999 Recent FinTech / Financial Services Investments ■ Founded in 1999, Silver Lake Partners manages over Date Company Deal Amt.3 $23bn in combined assets 06/15 Cast & Crew (Buyout) $700 ■ Invests in large-cap technology and technology-enabled 05/12 Global Blue (Buyout) $1,280 businesses with strong business models, experienced 06/11 Virtu Financial (PE Growth)** NA management team and proprietary products 07/10 MultiPlan (Partners Group)* 3,100 ■ Particularly
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