Memery Crystal advises Caxton FX Limited for the second time on Retail Corporate Bond Offer

Caxton aims to raise up to £5 million from the issue of the Caxton FX Bond:2 and proceeds will be used to invest in new product development and overseas expansion.

Launched in 2002, Caxton FX is a foreign exchange company that has become an entrepreneurial success story.  Since issuing its first retail corporate mini bond in 2011, which Memery Crystal also advised on, Caxton FX has achieved over 85% growth in turnover, seen a 54% rise in profits, surpassed 200,000 customers and was named one of the Top 50 businesses leading Britain by Deloitte.

The Memery Crystal team was led by corporate partner David Walker and included corporate colleague Matthew Pawlak, tax partner Tim Crosley and tax solicitor Jessica Gibbs.

Led by David Walker, Memery Crystal previously advised a number of other UK companies on the issue of retail corporate bonds, including King of Shaves, Hotel Chocolat, Ecotricity, The Jockey Club, Firerock Energy, SmartWater Technology, Golfbreaks.com, Big60Million and Wellesley Finance Plc.

David Walker commented: “We are delighted to have assisted Caxton FX once again with the development and issue of the Caxton FX Bond:2, which will be an important tool in financing its further growth.  Having worked on more retail corporate mini bonds than any other UK law firm, we are excited about the benefits they have brought to so many companies and organisations across a wide range of sectors, and that they are continuing to gain in popularity.”

Rupert Lee-Browne,  Founder and Chief Executive of Caxton FX, commented: “David and his team have been great to work with – the launch of our second bond has gone like clockwork and I put this down to dealing with a wonderful team that know exactly what they are doing with a highly professional approach.”

Memery Crystal is a recognised leader for its corporate finance work, covering M&A, private equity and IPO/fundraising for UK and international companies.  The firm has been highly ranked for its excellence in handling M&A and IPO deals by both Chambers UK and The Legal 500, acting for public and private companies as well as for their nominated advisers and brokers.