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Screenshot of a breaking news alert e-mail from Q2 2017
Australian retail Forex broker Pepperstone today announced that it has secured a major strategic investment from CHAMP Private Equity, one of Australia’s leading PE firms.
Melbourne-based Pepperstone founder is partnering with CHAMP in order to support the broker’s expansion. Pepperstone intends to open offices in multiple new regions this year. In order to further boost their brand, the firm is also said to be considering making acquisitions or looking at unique technology providers that may be complementary to the firm’s current offering.
Pepperstone currently offers platforms for both retail and institutional clients. According to the broker’s announcement, its monthly FX turnover exceeds US$100 billion.
Neither Pepperstone nor CHAMP indicated the size of the investment, or the percentage of the company now owned by CHAMP. However Australia press reports speculated that the deal was done in the $100-$200 million valuation range.
Owen Kerr, CEO of Pepperstone, comments,
“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 or customer experience. We feel this investment will exponentially assist in achieving our goal of becoming the world’s number 1 FX Broker.”
Fiona Lock, of CHAMP Private Equity, comments,
“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.”
You can view the full announcement from Pepperstone by clicking here.