J.C. Flowers & Co to Buy 30% Stake In LMAX Group

LMAX Group, a leading operator of trading for institutions and retail venues for FX and crypto, announced that it has signed a definitive agreement to sell a 30% stake in the company to J.C. Flowers & Co. LLC (J.C. Flowers) for a total cash consideration of $300 million.

Wanna Know How to Reach Our Audience of Millions at Fazzaco?​

J. C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. The mentioned deal values LMAX Group at approximately $1 billion and will be subject to regulatory approvals.

The partnership between the two companies will accelerate LMAX Group’s growth and innovation, and together see potential for greater penetration in the FX and crypto currency markets globally, particularly in the U.S. and Asia.

The Group added that David Mercer, current CEO at LMAX Group, will continue to lead the company having retained a substantial stake alongside his management team and J.C. Flowers.

“This is a significant milestone in the evolution of LMAX Group that vindicates our industry-leading business model and the role we have to play in the foreign exchange and crypto currency markets of the future,”David Mercer, CEO, LMAX Group, commented.

“Not only have we identified a like-minded partner in J.C. Flowers who understands global capital markets and brings valuable connectivity to strengthen LMAX Group's presence in North America and Asia, but one that shares our vision of building the Company into the pre-eminent global FX and crypto currency exchange. I'm excited about the many opportunities that lie ahead for LMAX Group and my fantastic group of colleagues,”David added.