16 9 月, 2020
London, UK, Release: July 26th, 2018. For Immediate Release.
Deutsche Capital Group today announced it has entered into a definitive agreement to invest in fast-growing, multiple award-winning retail CFD brokerage FVP Trade via a deal made with its holdings company FVP Holdings.
Under the terms of the agreement, Deutsche Capital Group will receive convertible preferred shares that can be exercised and converted into ordinary shares at a future pre-determined date.
The deal was confirmed after a comprehensive strategic alternatives review process taken by Deutsche Capital Group’s Board of Directors. The agreement has currently been approved by Deutsche Capital Group’s Board of Directors.
The transaction is set to be completed in Q3 2018, subject to regulatory approvals and other customary closing conditions.
“FVP Trade’s business fits naturally within Deutsche Capital Group’s diversified portfolio, and our shareholders will benefit from this deal to tap onto the impressive growth of the retail CFD industry,” says Stephan Hoffman, Partner at Deutsche Capital Group.
FVP Trade was founded in 2017 with the intention of providing traders with transparent pricing, fast execution, and no price requotes. By accepting the investment from the Deutsche Capital group, FVP Trade has an incredible opportunity to leverage the new funds to deliver an even more comprehensive offering to its customers and expand into more markets swiftly.
“Bringing together Deutsche Capital Group’s expertise in serving the retail customer segment and FVP Trade’s advanced trading technology enables both companies to serve our customer base more effectively” commented Jonathan Greene, Chief Executive Officer of FVP Trade.
“We are extremely excited that a boutique venture capital firm like Deutsche Capital Group can see the value of what we are trying to create here for our customers here at FVP Trade, we fully expect both parties to gain tremendously from this partnership”, commented Tim Booth, founder of FVP Holdings.