1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
LeapRate Logo

Gain Capital reports more details of dbFX acquisition

Gain’s acquisition of dbFX – very little money changed hands

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Aug. 9, 2011 - LeapRate’s Forex Industry News – Gain Capital’s just-filed quarterly 10-Q report has shed some more light on its recent acquisition of dbFX. And as we speculated when the deal was announced back in April, very little money changed hands.

Specifically, Gain’s Q2 reveals that:

- Gain paid just $2.5 million in upfront cash to Deutsche Bank for the assets acquired from dbFX – those assets being customer account balances, effective customer agreements, and a marketing list.

- The total transaction was valued at about $10 million – based on recent valuations of other Forex M&A transactions (see our Forex Industry Report for more up-to-date details on public and M&A valuations and transactions in the Forex sector), and our estimate for dbFX of about $55 million in client assets and $12 billion in monthly volume at the time of acquisition, Gain paid slightly below recent comparable valuations.

For details please see the Forex Industry News section of our website at http://www.leaprate.com

# # #

Which Forex firm should I trade with?
LeapRate's Approved Forex Firms list can help you answer that question. LeapRate is an independent research and advisory firm, covering the world of online Forex and CFD trading. Our Approved Firms list highlights Forex firms which in our view do things right – in terms of adherence to proper procedures, regulation, custody of cash, quotes to clients and risk management techniques, among others. LeapRate is followed by thousands of investors and other Forex industry participants via Twitter, email, and our website at http://www.leaprate.com

--- End ---

Click to Share

Contact Email:
***@leaprate.com Email Verified
Source:LeapRate
Phone:(347) 995-1806
Zip:10170
City/Town:New York City - New York - United States
Industry:Forex, M a
Tags:Forex M&A, gain capital, gcap, dbfx, deutsche bank, fx, FX M&A, Forex valuation
Shortcut:prlog.org/11617266
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share