Pepperstone Gets Majority Stake Investment from CHAMP Private Equity Firm
- A long time coming, Pepperstone gets a strategic hand from a leading private equity firm and aims to expand its locations and grow
The Australia-based Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD brokerage operated under the Pepperstone brand, has today announced a major strategic investment from CHAMP Private Equity ltd– a Melbourne-based investment company.
The investment from CHAMP was described as aimed at helping Pepperstone expand internationally with more offices, and to grow the company’s branding efforts, and widen its offerings through partnerships with technology vendors in different regions – to help complement its product offering.
Also mentioned in the press release was that the CHAMP partnership would help Pepperstone consider acquisitions of other forex brokerages in key parts of the world. According to reports by the Australian Financial Review, CHAMP has acquired a majority stake within Pepperstone, as part of the deal.
The company said it does over $100 billion in FX turnover monthly across its retail and institutional platforms and has offices in Melbourne, Shanghai and Dallas, which it will now be aiming to grow with the strategic partnership. It's not yet clear what board positions or management involvement the company will provide, or how the deal was structured, in terms of the investment from CHAMP.
Commenting in the company’s press release, Pepperstone’s CEO Owen Kerr said "For Pepperstone to have the backing of one of Australia's leading private equity firms as a significant investor and business partner is extremely exciting for us. We plan to continue taking the business to a much higher level in the years ahead and are excited for what the future holds for Pepperstone and ultimately, our clients. Our focus has always been on providing our clients a far superior trading experience than what is in the market today, whether that be our lower spreads, best in class Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term or customer experience. We feel this investment will exponentially assist in achieving our goal of becoming the world's number 1 FX Broker."
Also commenting in the company press release, Fiona Lock, of CHAMP Private Equity said,“We are excited to be making this strategic investment and to partner with Pepperstone. We are looking forward to helping the company build on its impressive recent growth and achieve its full potential.”
Fiona Lock, CHAMP Private Equity
Source: CHAMP
The Australia-based Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD brokerage operated under the Pepperstone brand, has today announced a major strategic investment from CHAMP Private Equity ltd– a Melbourne-based investment company.
The investment from CHAMP was described as aimed at helping Pepperstone expand internationally with more offices, and to grow the company’s branding efforts, and widen its offerings through partnerships with technology vendors in different regions – to help complement its product offering.
Also mentioned in the press release was that the CHAMP partnership would help Pepperstone consider acquisitions of other forex brokerages in key parts of the world. According to reports by the Australian Financial Review, CHAMP has acquired a majority stake within Pepperstone, as part of the deal.
The company said it does over $100 billion in FX turnover monthly across its retail and institutional platforms and has offices in Melbourne, Shanghai and Dallas, which it will now be aiming to grow with the strategic partnership. It's not yet clear what board positions or management involvement the company will provide, or how the deal was structured, in terms of the investment from CHAMP.
Commenting in the company’s press release, Pepperstone’s CEO Owen Kerr said "For Pepperstone to have the backing of one of Australia's leading private equity firms as a significant investor and business partner is extremely exciting for us. We plan to continue taking the business to a much higher level in the years ahead and are excited for what the future holds for Pepperstone and ultimately, our clients. Our focus has always been on providing our clients a far superior trading experience than what is in the market today, whether that be our lower spreads, best in class Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term or customer experience. We feel this investment will exponentially assist in achieving our goal of becoming the world's number 1 FX Broker."
Also commenting in the company press release, Fiona Lock, of CHAMP Private Equity said,“We are excited to be making this strategic investment and to partner with Pepperstone. We are looking forward to helping the company build on its impressive recent growth and achieve its full potential.”
Fiona Lock, CHAMP Private Equity
Source: CHAMP