03 Feb EUROCLEAR takes a minority strategic equity stake in PREF-X

Paris, February  03, 2020 –

PREF-X, a technology platform which supports the issuance of Private placements of Corporate debt (Including Euro PP) has today announced a minority strategic investment in its share capital by the settlement giant, Euroclear. In addition to its cash investment, Euroclear will be represented at the Board of Pref-X.

Founded in 2017, PREF-X is a web-based solution that simplifies the management of private debt portfolios for issuers and institutional investors. Its digital processes secure and accelerate the private debt issuance lifecycle as issuers, arrangers, investors and legal firms connect and negotiate in an orderly and centralized way. Also, issuers and Institutional investors reduce process inefficiencies and related costs when monitoring their positions until maturity.  PREF-X has 50 clients on its platform.

Marie-Hélène Crétu, CEO of PREF-X, said: “With this strategic partnership, PREF-X will further accelerate the development of its offering for the long run, promote workflows standardization and cost efficiency to the benefit of the players and thus support the growing demand for private placement across Europe.  With Euroclear at our side, we aim to become the European digital standard of choice throughout the lifecycle of corporate private debt instruments.”

Brigitte Daurelle, CEO of Euroclear’s ESES CSDs and representative of Euroclear on the Board of PREF-X, commented: “As a market infrastructure, our role is to develop and support solutions which improve the efficiency of the capital markets. By streamlining the issuance process of private placements and syndicated loans and allowing seamless information exchanges between market players, PREF-X is aligned to our strategy. This collaboration will support our objective of providing enhanced services for issuers and investors”.

Vivien Levy Garboua, Chairman of the Board of PREF-X concluded:  “We are very pleased to welcome Euroclear as a strategic partner at such an exciting time for the private debt industry. This is an extremely good news for all private debt stakeholders, in France and elsewhere in the EU. ”

No financial details to the transaction were disclosed.

Visit PREF-X’s website at www.prefx.org

Press contacts:

Marie-Hélène Crétu – mhcretu@prefx.org . +33 1 82.83.04.84