RMS’s shareholders and the management team reinvested alongside TCV. The investment in RMS comes from TCV’s USD 2.5 billion growth fund.
According to the UK government’s Department for Business, Energy and Industrial Strategy, there are over 1.2 million businesses in the UK with less than 50 employees, the majority of which require some form of payments solution.
TCV was advised in this transaction by Arma Partners (exclusive financial advisor) and Weil, Gotshal & Manges (legal). RMS was advised by Iain Stuart Robson (non-executive director at RMS), PwC (exclusive financial advisor), and Wilkin Chapman LLP (legal).
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