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Screenshot of a breaking news alert e-mail from Q2 2017
Back in April, as reported on LeapRate, Gain Capital (NYSE:GCAP) announced its intentions to acquire UK-based Galvan Research. Founded in 2004 by Andrew Gibson, Jonathan Pinkney and James Pinkney, Galvan provides individual investors with professional advice and trading recommendations across a wide range of markets, including FX, individual equities, equity indices and other market sectors.
The deal has now closed, however terms of the acquisition were not disclosed. Gain made the following disclosure today regarding the acquisition:
GAIN Capital Completes Acquisition of Galvan Research
LONDON and NEW YORK, July 1, 2014 /PRNewswire/ — GAIN Capital Holdings, Inc. (NYSE: GCAP, “GAIN” or “the Company”) today announced that it completed the acquisition of Galvan Research, the UK’s leading Contract For Difference (CFD) advisory business.
GAIN previously announced that it had agreed to acquire 100% interest in Galvan Research. Terms were not disclosed.
“We are pleased to announce we have closed the acquisition of Galvan Research, our third acquisition of 2014,” said Glenn Stevens, Chief Executive Officer of GAIN Capital. “Galvan gives us a solid foundation on which to build a comprehensive advisory service for our clients in support of our recently expanded FX & CFD offering.”
Founded in 2004 by Andrew Gibson, Jonathan Pinkney and James Pinkney, Galvan Research provides individual investors with professional advice and trading recommendations across a wide range of markets, including FX, individual equities, equity indices and other market sectors. Galvan Research was voted Best Equity Derivatives Advisor eight times by the readers of Shares magazine (2005-2009, 2011-2013) and has earned six consecutive wins as Best CFD Advisor at the Money AM Awards (2008-2013). Galvan is authorized and regulated by the U.K. Financial Conduct Authority.
The transaction is expected to be immediately accretive to 2014 results.
The complete Gain Capital press release can be seen here.