FirstPEX is a

private electronic market A private electronic market (PEM) uses the Internet to connect a limited number or pre-qualified buyers or sellers in one market. PEMs are a hybrid between perfectly open markets (e.g. exchanges where there is no pre-existing relationship between ...

for

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...

transactions that allows qualified

investor An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

s to buy and sell equities to each other through a bidding process which enables the parties to find a mutually agreeable price. Its primary audience is

entrepreneurs Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values t ...

, investors and business owners, in which negotiations and the exchange of information on investment transactions is covered prior to closing transactions. The platform was founded by Patrick Gruhn. The site also allows users to trade in non-liquid assets. Through a partnership with UK-based Autumn Capital Partners the platform was expanded outside of Switzerland to the rest of Europe. The platform is not subject to the regulatory supervision by the Swiss Financial Market Supervisory Authority (

FINMA The Swiss Financial Market Supervisory Authority (FINMA) is the Swiss government body responsible for financial regulation. This includes the supervision of banks, insurance companies, stock exchanges and securities dealers, as well as other ...

); however it is subject to authorization in

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...

. The site is based on the Django web framework, and has functionality to navigate through listings according to various of criteria such as asset class, investment volume, country of origin, sector and industry. It includes a live chat and a data room for the secure sharing of files.

References

External links

Official website
* * * * Online auction websites of Switzerland Private equity firms {{Ict-company-stub