Founded in 1998, HiFX has grown rapidly into an enterprise employing more than 200 people and establishing itself as the partner of the Post Office's international payments service.
The company, which is privately-owned, will fetch a price of well over £100m and potentially as much as £150m, according to analysts.
A number of private equity groups had been examining offers for HiFX but
The company reported a 60% rise in operating profit from continuing operations in the year to last June, from £4.8m to £7.7m.
It advised on and executed more than £9bn in foreign exchange transactions during the year and has more than £2bn placed on the money markets on behalf of its commercial customers.
Among the risk factors cited in the latest set of accounts filed at
"The replacement of sterling by the euro as the domestic currency of the
The auction of HiFX comes as Moneycorp,
The payments specialist's owner is a vehicle which until recently was managed by the taxpayer-backed
Founded in 1999 at a shop on
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