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Gain Capital reports more details of dbFX acquisition
Gain’s acquisition of dbFX – 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
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