NEW YORK, Feb. 28, 2020 /PRNewswire/ — DLA Piper is representing INTL FCStone Inc. in its US$236 million acquisition of Acquire Capital Holdings, Inc., a supplier of on-line buying and selling providers. Below the phrases of the events’ definitive settlement, INTL FCStone will purchase GAIN Capital in an all-cash deal the place the corporate’s stockholders will obtain US$6.00 per share. The transaction is anticipated to shut in mid-2020, topic to regulatory approvals, stockholder approval and different customary closing circumstances.
GAIN serves greater than 130,000 retail and institutional traders via its FOREX.com and Metropolis Index platforms, amongst different channels. On account of the mix, GAIN’s clients will profit from a richer product providing and the expanded assets and larger scale of the mixed agency. By buying GAIN, INTL FCStone, in flip, will add a brand new digital platform to its international monetary community, in addition to a complementary futures enterprise.
“With this acquisition, INTL FCStone is ideally positioned to serve a wider vary of consumers and considerably broaden its providing to retail purchasers,” mentioned Andrew Weil, a DLA Piper accomplice who led the agency’s deal staff. “Our deep understanding of the monetary providers business and the wants of our purchasers working within the fintech sector, together with our sturdy M&A capabilities, have been key elements for our profitable illustration of INTL FCStone on this transaction.”
Along with Weil, the DLA Piper staff representing INTL FCStone included companions Neal Aizenstein, Erin Kirchner, Richard Ashley, Ryan Vann, Marc Horwitz (all of Chicago), Paolo Morante (New York), Mary Dunbar (Washington, DC) and Claire Corridor (Los Angeles); of counsel Deanna Reitman (Houston) and Miriam Petrillo (Chicago); and associates Robert Parisot (Chicago) and Bradley Phipps (Philadelphia) within the US. The staff additionally included Michael McKee, Chris Whittaker and Neil Millar within the UK; Katherine Chew and Joe Bauerschmidt in Singapore; Martin Jamieson and Timothy Lou in Australia; Robert Black and Russel Drew in Canada; James Chang and Qiang Li in Canada; and Lance Miller and Kaoru Umino in Japan.
With greater than 1,000 company attorneys globally, DLA Piper helps purchasers execute advanced cross-border transactions seamlessly whereas supporting purchasers throughout all levels of improvement. The agency has been rated primary in international M&A quantity for ten consecutive years, based on Mergermarket.
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SOURCE DLA Piper