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FX ongoing support
Case studies

FX ongoing support

Background
  • 100+ employee business based in London, recently backed by a small/mid market private equity investor
  • The PE Fund investment has allowed the company to focus on increasing its scale and expand into new markets
  • The revenue of the business was highly exposed to FX volatility with 65% of the annual turnover in US dollars, 20% in Euros and only 10% in the reporting currency, GBP
Our Approach
  • JCRA produced a quantification report for the company to fully comprehend the monetary value at risk
  • JCRA focused on the net cash flows and wrote an FX policy that summarised the hedging strategy
  • JCRA designed a FX rolling program using FX forwards to hedge the risk
  • JCRA attended the board meeting in order to field all the questions with regards to the hedging strategy to ensure all members were bought in
  • JCRA then reached out to hedge providers to negotiate fair pricing on behalf of the client
Benefits
  • JCRA helped with the buy-in of the FX policy at board level
  • This allowed the company to be 100% hedged in the short term, while maintaining flexibility further out
  • JCRA ensured that the deals that are executed are traded at fair and transparent pricing
  • JCRA monitors the hedging strategy and follows up when hedges need to be executed to make sure the company remains ‘on policy’
  • Both the company as well as the PE investor are reassured that the process was led by a team of independent and experienced advisors
 

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Contact us

If you need hedging or debt advice or would like to speak to the team, please get in touch.