The transaction, which is valued at two hundred million dollars, also provides NMS the right to appoint an individual to the Newpoint board of directors.
July 22, 2021 – NMS Capital Group, LLC (“NMS”) a global private investment firm focused on private equity, venture capital and structured financing investments, announced today that it has closed on the purchase of convertible preferred shares of Newpoint Financial Corp (“Newpoint”). The transaction, which is valued at two hundred million dollars, also provides NMS the right to appoint an individual to the Newpoint board of directors.
The NMS investment will provide Newpoint with additional capital to be used towards its targeted solvency capital investment strategy. In addition, this investment will also strategically align Newpoint as a strategic service provider for upcoming NMS transactions related to structured investments backed by reinsurance, commercial indemnity and guarantee structures.
Trevor M. Saliba, Founder, Chairman and CEO of NMS Capital Group said “The investment in Newpoint expands our current European investments within the financial sector. We look forward to working with the Newpoint senior team on both their organic growth, but also as our strategic partner for our structured financed investments.”
NMS Consulting, Inc., an affiliate of NMS Capital Group provided the cross-border tax and regulatory advice related to structuring of the transaction.