Gain Capital reports more details of dbFX acquisition

Gain’s acquisition of dbFX – very little money changed hands
Aug. 9, 2011 - PRLog -- 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

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Tags:Forex M&A, Gain Capital, Gcap, Dbfx, Deutsche Bank, fx, FX M&A, Forex valuation
Industry:Forex, M a
Location:New York City - New York - United States
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