LONDON (LeapRate) - Swiss private equity company Guru Capital announced finalising the acquisition of ETX Capital from U.K. private equity firm, JRJ Group. ETX Capital is a fast-growing providers of multi-asset CFD products based in London.
The transaction is closing after the U.K. Financial Conduct Authority has granted approval. Guru Capital partners Luca Merolla and Ryan Nettles will serve as non-executive directors to the ETX Capital Board of Directors.
Online broker ETX Capital was founded in 1965. Guru Capital plans to leverage the ETX Capital brand, its technology and its team to expand the business in the U.K. The team is also in determined to grow the business globally through M&A activities.