Guru Capital Closes Acquisition Deal of ETX Capital
- The company was awaiting a go-ahead from the British market regulator.
Swiss private equity firm, Guru Capital announced on Thursday the closure of its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company's shares to gain control of that company. Buying more than 50% of a target firm's stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company's shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services. Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company's shares to gain control of that company. Buying more than 50% of a target firm's stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company's shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services. Read this Term of ETX Capital, a London-based financial spread-betting and contracts-for-difference provider.
ETX Capital was previously owned by UK-based JRJ Group, which in 2007 established a joint venture with the Dutch BXR Group, and owns stakes in several other financial services companies.
As Finance Magnates reported earlier, the two companies agreed on the deal last May, but was waiting for the regulatory approval from the UK’s Financial Conduct Authority (FCA). Neither the companies disclosed the financials involved in the deal.
With the acquisition, Guru is expanding its footprint in the spread betting and contracts-for-difference market. Indeed, this falls within the company’s plan to seek investment opportunities on active companies operating within the EMEA and APAC region.
Guru Capital provides advisory services to investment funds on strategic investment opportunities within the financial services industry.
Taking Control of the Board
In the latest announcement, Guru also revealed that its two partners, Luca Merolla and Ryan Nettles, have joined as non-executive directors to the ETX Capital board.
Earlier, Guru’s managing partner, Ryan Nettles, clarified that the new owner will retain the staff of ETX. After the acquisition, the London-headquartered brokerage onboarded Gergely Bacsó as its new chief technology officer with responsibilities of improving client experience and also further building TraderPro.
Swiss private equity firm, Guru Capital announced on Thursday the closure of its Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company's shares to gain control of that company. Buying more than 50% of a target firm's stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company's shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services. Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There are many ways to acquire or to take the acquisition of property and services. How Companies Utilize AcquisitionsIn finance, the term acquisition is most often used when referring to taking control of a company. An acquisition can be either an agreed deal or a hostile takeover. Companies also may acquire units of a company, property, or other assets. An acquisition is when one business, person, or company purchases most if not of another company's shares to gain control of that company. Buying more than 50% of a target firm's stock and other assets allows the acquirer to make decisions about the newly acquired assets without the approval of the company's shareholders. In finance, there are several types of acquisitions that one speaks of when referring to Acquisitions and Mergers. A horizontal acquisition is when two companies come together with similar products/services. Conversely, a vertical acquisition means two companies join forces in the same industry, but they are at different points on the supply chain.Moreover, a conglomerate represents two companies in different industries join forces, or one takes over the other to broaden their range of services and products. Finally, a concentric acquisition occurs when companies will share customers but provide different services. Read this Term of ETX Capital, a London-based financial spread-betting and contracts-for-difference provider.
ETX Capital was previously owned by UK-based JRJ Group, which in 2007 established a joint venture with the Dutch BXR Group, and owns stakes in several other financial services companies.
As Finance Magnates reported earlier, the two companies agreed on the deal last May, but was waiting for the regulatory approval from the UK’s Financial Conduct Authority (FCA). Neither the companies disclosed the financials involved in the deal.
With the acquisition, Guru is expanding its footprint in the spread betting and contracts-for-difference market. Indeed, this falls within the company’s plan to seek investment opportunities on active companies operating within the EMEA and APAC region.
Guru Capital provides advisory services to investment funds on strategic investment opportunities within the financial services industry.
Taking Control of the Board
In the latest announcement, Guru also revealed that its two partners, Luca Merolla and Ryan Nettles, have joined as non-executive directors to the ETX Capital board.
Earlier, Guru’s managing partner, Ryan Nettles, clarified that the new owner will retain the staff of ETX. After the acquisition, the London-headquartered brokerage onboarded Gergely Bacsó as its new chief technology officer with responsibilities of improving client experience and also further building TraderPro.