The Diversified World Financial Services platform Marex Group PLC (NASDAQ: MRX) announced today that it has agreed to obtain Winterflood titles from Close Brothers Group PLC for about 103.9 million pounds in cash, representing a € 15 million premium.
Winterflood is one of the leading UK stock market manufacturers, providing execution services to more than 400 institutional customers. Winterflood has a well -established customer connectivity through its technology platform.
The acquisition is expected to boost Marex’s existing business shares, according to its strategy to bring new customers and new opportunities to its platform and to differentiate profits. It is also expected to add a significant distribution that offers the United Kingdom’s institutional community, in particular the assets and wealth management companies, with the ability to deepen these relationships, offering access to a wider range of Marex products from all over its platform.
Winterflood also operates Winterflood business services, which provides settlement, settlement and custody services in a wide range of customers, including large institutions, investment platforms, wealth managers and retailers.
The agreement is subject to regulatory approval and is expected to close in early 2026.
Ian Lowitt, Managing Director of Marex Group, commented:
“This acquisition gives us the opportunity to transform the existing shares market that make businesses into a top franchise, using the technology and connectivity of what is the top brand in this market. This agreement is consistent with our strict financial criteria. Additional products and services from all over our platform.”
Bradley Dyer, Managing Director of Winterfloood Securities, commented:
“We are pleased to become part of Marex, which is a high -growth company, a global financial service company with a strong balance sheet.
Mike Morgan, chief executive of the short brothers, commented:
“We see Marex as an excellent manager for the business he is going through. We thank the Winterflood team for their hard work and commitment over the years and wish them every success in their next chapter with Marex.”