newsfilter
← Latest News
GlobeNewswire·

Marex Group plc completes acquisition of Winterflood and announces agreement to sell Winterflood's custody business

  • Marex Group plc completed the acquisition of UK equity market maker Winterflood Securities.
  • Marex entered a conditional agreement to sell Winterflood's custody business, Winterflood Business Services (WBS), to Epiris Fund III.
  • The acquisition enhances Marex's UK cash equities business while WBS provides outsourced dealing, settlement, and custody services.
  • Marex will retain Winterflood's market making, corporate broking activities, employees, and brand.
  • Employees supporting WBS will transfer to the buyer, Epiris.
  • The retained Winterflood business has expected annual revenue of around $75m with an anticipated adjusted profit before tax margin of 20%.
  • The sale of WBS to Epiris is expected to complete in the second quarter of 2026.
  • CEO Ian Lowitt stated the gain from the WBS sale will offset the acquisition premium, generating a net gain for Marex.
  • Forward-looking statements in the release are subject to risks, uncertainties, and SEC filing requirements.
  • Marex Group is a diversified financial services platform with over 2,400 employees across 60 exchanges worldwide.