Core Viewpoint - Marex Group plc has completed the acquisition of Winterflood Securities, enhancing its UK cash equities business and diversifying earnings [1][2] Group 1: Acquisition Details - The acquisition of Winterflood is aligned with Marex's strategy to attract new clients and capabilities [2] - Marex will retain Winterflood's market making and corporate broking activities, with an expected annual revenue of approximately $75 million and an anticipated adjusted profit before tax margin of around 20% over time [3] Group 2: Sale of Winterflood Business Services - Marex has entered into a conditional agreement to sell Winterflood Business Services (WBS) to Epiris Fund III, with the sale expected to complete in the second quarter of 2026 [4] - The sale of WBS is seen as beneficial, as the gain from this sale will more than offset the premium paid for Winterflood, resulting in a net gain on the acquisition [4] Group 3: Company Performance and Outlook - The CEO of Marex expressed optimism about the performance in November and the overall business momentum, indicating a positive outlook for the fourth quarter and the upcoming year [4]
Marex Group plc completes acquisition of Winterflood and announces agreement to sell Winterflood’s custody business