Core Viewpoint - Marex Group plc has agreed to acquire Winterflood Securities for approximately £103.9 million in cash, which includes a premium of £15 million, aiming to enhance its UK cash equities business and diversify earnings [1][3]. Company Overview - Marex Group plc is a diversified global financial services platform providing essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets, with over 2,400 employees and access to 60 exchanges [9]. - Winterflood Securities is one of the UK's leading equity market makers, serving over 400 institutional clients and holding a market share of about 15% by volume on the London Stock Exchange [2]. Strategic Implications - The acquisition is expected to enhance Marex's existing capabilities and client base, particularly in servicing the UK institutional community, including asset and wealth management companies [3][4]. - Winterflood's proprietary technology platform and established client connectivity are anticipated to provide significant synergies and opportunities for profitability improvement within two to three years [5]. Operational Aspects - Winterflood also operates Winterflood Business Services, which offers outsourced dealing, settlement, and custody services to a diverse range of clients, including large institutions and retail aggregators [4]. - The deal is subject to regulatory approval and is expected to close in early 2026 [4].
Marex Group plc to acquire UK equity market maker Winterflood Securities