Marex Group plc plans to acquire Winterflood Securities from Close Brothers Group plc for roughly £103.9 million in cash, including a £15 million premium.

This purchase aims to strengthen Marex’s position in the UK cash equities market and diversify its revenue streams. Subject to regulatory approval, the deal is expected to be completed early next year.

Winterflood’s Position in the Market

Winterflood is among the top market counterparties by volume on the London Stock Exchange, reportedly controlling about 15% market share. Serving over 400 institutional clients, the firm leverages proprietary technology to provide robust execution and market-making services.

It also operates Winterflood Business Services, offering outsourced dealing, settlement, and custody services to institutions, wealth managers, and retail aggregators. The acquisition supports Marex's strategy to broaden its UK cash equities operations and deepen relationships with asset and wealth managers.

By integrating Winterflood’s established client base and technology, Marex anticipates expanded distribution capabilities and the opportunity to introduce a wider array of products and services to new clients.

Boosting Offerings

“We believe we can gain economies from operating at scale and also benefit from Winterflood’s great technology and strong client relationships, which will enable us to introduce additional products and services from across our platform to a new set of clients,” Commented Ian Lowitt, the Chief Executive Officer of Marex.

Once finalized, Marex expects to leverage Winterflood’s technology and client network to reinforce its standing in the UK equity market.

Expect ongoing updates as this story evolves.

Source: Finance Magnates