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Marex to buy Winterflood Securities for £103.9m

Marex to buy Winterflood Securities for £103.9m

Yahoo6 hours ago
Financial services company Marex Group has brokered a deal to acquire Winterflood Securities, a UK equity market maker, from Close Brothers Group for approximately £103.9m ($139.5m) in cash.
Winterflood provides execution services to more than 400 institutional clients. It has a market share of around 15% by volume on the London Stock Exchange.
In addition to its market-making activities, Winterflood operates Winterflood Business Services, which offers outsourced dealing, settlement, and custody services to a variety of clients.
The clients include large institutions, investment platforms, wealth managers, and retail aggregators.
Winterflood Securities CEO Bradley Dyer said: 'We're delighted to become part of Marex, which is a high-growth, global financial services company with a strong balance sheet.
'Our clients will continue to be served by the same team, while also benefitting from the backing of a large and growing company as well as access to a broader range of products and services from Marex.'
The acquisition is anticipated to strengthen Marex's existing UK cash equities operations.
This move is also expected to broaden Marex's distribution capabilities, particularly in servicing the UK institutional sector, which includes asset and wealth management firms.
Marex Group CEO Ian Lowitt said: 'This acquisition gives us an opportunity to transform our existing equity market making business into a leading franchise, utilising the technology and connectivity of what is the leading brand in this market.
'This deal is consistent with our strict financial criteria, and we see opportunities to materially improve Winterflood's profitability and pay back its premium within two to three years.'
The completion of the acquisition is contingent upon regulatory approval and is expected to be finalised in early 2026.
Marex Group is a diversified global financial services platform that provides essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets.
It offers a wide range of services, including clearing, agency and execution, market making, and hedging and investment solutions.
"Marex to buy Winterflood Securities for £103.9m" was originally created and published by Private Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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