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Prosek Partners and ICR Inc. handle Flywire as the Boston-based global payments company raises $250M in its IPO.
Flywire CEO Mike Massaro plans to use the IPO proceeds for technology and solutions development and for possible acquisitions to complement his company’s offerings.
The company supports more than 2,250 clients with payments in more than 130 currencies in 240 countries.
The IPO comes just ahead of the summer travel season, in which seven in ten frequent travelers expect to spend more this year than they have in the past five years, according to a Flywire survey report released May 12.
Colin Smyth, travel GM at Flywire, said people planning to explore the post-pandemic world are looking for travel companies that offer “seamless, transparent and secure payment options.”
Prosek handles media for Flywire, while ICR deals with investors.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
