BGC Group unlocks value for shareholders with the sale of Rates Compression business Capitalab
BGC Group has announced the sale of its Rates Compression business, Capitalab, to Capitolis for $46 million in gross proceeds, representing a revenue multiple of approximately 7.5 times. The transaction demonstrates BGC's commitment to unlocking shareholder value while focusing on growing its high-margin, technology-driven Fenics business, which generated over $550 million in revenue in the last 12 months. BGC will retain its post-trade foreign exchange risk reduction business, previously under the Capitalab brand, which will be renamed Fenics NDF Match.
BGC Group ha annunciato la vendita della sua attività di Compressione dei Tassi, Capitalab, a Capitolis per 46 milioni di dollari in proventi lordi, rappresentando un multiplo di fatturato di circa 7,5 volte. La transazione dimostra l'impegno di BGC nel sbloccare il valore per gli azionisti, concentrandosi sulla crescita della sua attività ad alta margine, guidata dalla tecnologia, Fenics, che ha generato oltre 550 milioni di dollari di fatturato negli ultimi 12 mesi. BGC manterrà la sua attività di riduzione del rischio di cambio post-trade, precedentemente sotto il marchio Capitalab, che sarà rinominata Fenics NDF Match.
BGC Group ha anunciado la venta de su negocio de Compresión de Tasas, Capitalab, a Capitolis por 46 millones de dólares en ingresos brutos, lo que representa un múltiplo de ingresos de aproximadamente 7.5 veces. La transacción demuestra el compromiso de BGC para desbloquear el valor para los accionistas mientras se enfoca en el crecimiento de su negocio de alta rentabilidad, impulsado por la tecnología, Fenics, que generó más de 550 millones de dólares en ingresos en los últimos 12 meses. BGC mantendrá su negocio de reducción de riesgo de cambio post-comercio, previamente bajo la marca Capitalab, que será renombrado como Fenics NDF Match.
BGC Group는 Capitalab의 금리 압축 사업을 4600만 달러에 Capitolis에 매각한다고 발표했습니다. 이는 약 7.5배의 수익 배수를 나타냅니다. 이 거래는 BGC가 주주 가치를 극대화하기 위해 노력하고 있으며, Fenics라는 고수익성 기술 주도 사업의 성장에 집중하고 있음을 보여줍니다. 이 사업은 지난 12개월 동안 5억 5000만 달러 이상을 수익으로 생성했습니다. BGC는 이전에 Capitalab 브랜드 하에 있었던 거래 후 외환 리스크 감소 사업을 유지하며, 이것은 Fenics NDF Match로 이름이 변경될 것입니다.
BGC Group a annoncé la vente de son activité de compression des taux, Capitalab, à Capitolis pour 46 millions de dollars en recettes brutes, ce qui représente un multiple de revenus d'environ 7,5 fois. La transaction démontre l'engagement de BGC à débloquer la valeur pour les actionnaires tout en se concentrant sur la croissance de son activité à forte marge, axée sur la technologie, Fenics, qui a généré plus de 550 millions de dollars de revenus au cours des 12 derniers mois. BGC conservera son activité de réduction des risques de change après négociation, auparavant sous la marque Capitalab, qui sera renommée Fenics NDF Match.
BGC Group hat den Verkauf seines Geschäftsfeldes zur Zinskompression, Capitalab, an Capitolis für 46 Millionen Dollar brutto angekündigt, was einem Umsatzmultiplikator von etwa 7,5 entspricht. Die Transaktion verdeutlicht BGCs Engagement zur Freisetzung von Aktionärswerten, während das Unternehmen sich auf das Wachstum seines margenstarken, technologiegetriebenen Geschäfts Fenics konzentriert, das in den letzten 12 Monaten über 550 Millionen Dollar Umsatz generierte. BGC wird sein Geschäft zur Reduzierung von Devisenrisiken nach dem Handel, das zuvor unter der Marke Capitalab betrieben wurde, beibehalten, das in Fenics NDF Match umbenannt wird.
- Sale of Capitalab generates $46 million in gross proceeds
- Strong 7.5x revenue multiple achieved in the sale
- Fenics business generated over $550 million in revenue over last 12 months
- None.
Insights
The
The transaction's structure, excluding the one-time gain from Adjusted Earnings while including it in GAAP results, helps maintain cleaner comparable metrics for future performance evaluation. This divestment reflects a broader industry trend of consolidation in the financial technology sector, particularly in post-trade services and risk management solutions.
This divestiture demonstrates BGC's strategic pivot toward higher-margin technology services through their Fenics platform. The deal's timing and valuation suggest a seller's market for specialized fintech solutions, particularly those focused on capital optimization and risk management. The decision to retain and rebrand the FX risk reduction business indicates BGC's selective approach to portfolio optimization, keeping high-growth assets while divesting mature operations.
The transaction strengthens BGC's balance sheet while allowing management to focus resources on core growth areas. The market's appetite for such specialized financial technology assets remains strong, as evidenced by the premium multiple, suggesting potential for similar value-unlocking opportunities in the sector.
- Sale demonstrates BGC's commitment to unlocking value for shareholders
- BGC sells Capitalab for
$46 million
"We are proud of the business we have built at BGC and believe Capitolis will be an excellent home for Capitalab, as it enters its next phase of growth," said Sean Windeatt, Chief Operating Officer and Global Co-Head of Brokerage of BGC Group. "The sale of Capitalab is yet another example of BGC unlocking value for its shareholders. We will continue to focus on growing our high-growth electronic offerings."
Under the terms of the purchase agreement, BGC received
BGC will retain its high-growth, post-trade foreign exchange risk reduction business, which was previously included under the Capitalab brand and will be renamed Fenics NDF Match.
About BGC Group, Inc.
BGC Group, Inc. (Nasdaq: BGC) is a leading global marketplace, data, and financial technology services company for a broad range of products, including fixed income, foreign exchange, energy, commodities, shipping, equities, and now includes the FMX Futures Exchange. BGC's clients are many of the world's largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms.
BGC and leading global investment banks and market making firms have partnered to create FMX, part of the BGC Group of companies, which includes a
For more information about BGC, please visit www.bgcg.com.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC's Securities and Exchange Commission ("SEC") filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
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SOURCE BGC Group, Inc.
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