BGC Group unlocks value for shareholders with the sale of Rates Compression business Capitalab

Core Viewpoint - BGC Group, Inc. has sold Capitalab for $46 million, demonstrating its commitment to unlocking shareholder value and focusing on high-growth electronic offerings [1][2]. Financial Summary - The sale of Capitalab generated gross proceeds of $46 million, which corresponds to a revenue multiple of approximately 7.5 times [1][2]. - The one-time gain from this transaction will be included in BGC's consolidated results under U.S. GAAP but excluded from Adjusted Earnings [2]. Business Focus - BGC will retain its high-growth, post-trade foreign exchange risk reduction business, previously under the Capitalab brand, which will be renamed Fenics NDF Match [3]. - The company continues to emphasize growth in its technology-driven business, Fenics, which generated over $550 million in revenue over the last 12 months [1]. Company Overview - BGC Group, Inc. is a leading global marketplace and financial technology services company, serving a wide range of clients including major banks, broker-dealers, and investment firms [4]. - The company has partnered with leading global investment banks to create FMX, which includes a U.S. interest rate futures exchange and a spot foreign exchange platform [5].