GAIN Capital Holdings Is Acquired by INTL FCStone

On February 27th, INTL FCStone announced its acquisition of GAIN Capital Holdings at a price of US$6 per share. The all-cash acquisition deal costs a total of US$236 million.

GAIN Capital Holdings released its financial data for 2019 the same day. Under Generally Accepted Accounting Principles, the company made a net profit of US$53.3 million in Q4 last year, a 33% decline year-on-year. Also, the company‘s net revenue as of December 31st, 2019 was down 35% year-on-year, while GAIN Capital Holdings’ total loss in 2019 reached US$60 million.

GAIN Capital Holdings stock price surged from 3.53 to 5.86 after INTL FCStone announced the decision to acquire the company at US$6 per share through all-cash transaction.

INTL‘s CEO will lead the new enterprise after the change, while the former CEO of GAIN Capital Holdings will continue to lead GAIN’s former businesses within the company. The transaction is expected to complete by mid-2020.

INTL Fcstone Inc. is a financial service provider listed at the NASDAQ Stock Exchange. The company offers execution, risk management, consultation, market analysis and clearing services for global clients.