HMT advised London Capital Group Holdings plc (“LCG”), an online financial spread betting and trading company, on the acquisition of FuturesBetting.com Limited (“FBC”) for up to £400,000.
FBC is a Gibraltar-based financial spread betting business which provides experienced traders with a professional trading platform that offers fast and reliable spread betting execution on major indices, currencies and commodities. It is unique in offering unique direct market access functionality which is unavailable on other spread betting platforms.
“We were delighted to act for LCG on this acquisition which complements LCG’s existing business and provides exciting opportunities to leverage the increased customer base. This acquisition will create a platform for the enlarged group to continue its expansion plans”.