Lending markets

MAREX ACQUIRES ED&F MAN CAPITAL MARKETS

  • Strengthens the group’s global franchise
  • Expands client offering in clearing, metals, fixed income and equities
  • Creates a leading American franchise and expands its global footprint to dubai and APAC

LONDON, August 1, 2022 /PRNewswire/ — Marex Group (“Marex”), the diversified global financial services platform, today announces that it has agreed to acquire ED&F Man Capital Markets, the financial services division of ED&F Man Group. ED&F Man Capital Markets has approximately 450 employees worldwide and has generated over $235 million revenue in 2021. The transaction is expected to close by the end of the year, subject to regulatory approvals.

Marex’s long-standing strategy has been to grow the business and increase revenue diversity, both by product and by geography, and this transaction accomplishes that. This will significantly expand Marex’s clearing client offering, complementing its market-leading Metal franchise and budding fixed income and equity businesses. It will also expand the company’s global footprint in dubai and APAC and create a leading American franchise.

Marex has a strong track record of acquiring high quality businesses and across its acquisition portfolio over the past three years has increased revenues by 25% and profits by 190% compared to respective performances of the previous year, generating an average ROE of 20%.

Marex is excited about the growth prospects for ED&F Man Capital Markets’ business and how together they can better serve existing clients and attract new clients.

Ian LowitCEO of Marex Group, commented“We are delighted to welcome the ED&F Man Capital Markets team to Marex. The business fits perfectly into our existing capabilities, and I am excited about the opportunity to work on a significantly strengthened and expanded global footprint. Marex Gains a Quality Global Team Underscoring our commitment to grow and better serve our customers, this acquisition creates a more competitive, diverse and resilient business that will provide an enhanced customer offering as well as more opportunities for our people. exciting times for the business, and we foresee a bright future for the combined businesses.”

Commenting, Jade MooreGroup Executive Director ED&F Man, said: “In the decade since its inception, ED&F Man Capital Markets has grown into a financial brokerage firm operating at the heart of the global financial services ecosystem. Upon completion, a new chapter will begin as part of Marex and with the benefit of their market leader The sale of ED&F Man Capital Markets is fully in line with our group’s strategic plan to focus on our core commodities trading businesses. able to provide the appropriate resources and investments to enable the business to reach its full potential and we are therefore confident that this change in ownership will benefit all of our stakeholders.”

Barclays acted as financial advisor to Marex on this transaction.

For any request, please contact:
marex
Helen Rowe
+44 (0) 20 7650 4488 | [email protected]

Robert Coates
+44 (0) 7880 486 329 | [email protected]

Tristan Peniston Bird / Catherine Bell
FTI Council
+44 (0) 7772 031 886 / +44 (0) 7976 870 961 |[email protected]

ED&F Men

Emma Kane
SEC Newgate
+44 (0) 7876 338 339 | [email protected]

About Marex Group

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the commodities, energy and capital markets.

The Marex group offers comprehensive coverage through five core services: Market Making, Execution & Clearing, Hedging & Investment Solutions, Price Discovery and Data & Advisory. It has a leading franchise in many major metals, energy and agricultural products, executing approximately 38 million transactions and settling over 193 million contracts in 2021. The Marex Group provides access to major global commodity markets, covering a wide range of customers which include some of the largest producers, consumers and traders of commodities. Marex maintains a strong balance sheet with conservative capital and liquidity positions and has an investment grade credit rating.

Marex was established in 2005, but through its subsidiaries, its roots in the commodity markets go back almost 100 years. Based at London with 22 offices worldwide, the Marex Group has more than 1,100 employees across Europe, Asia and the Americas.

For more information, visit www.marex.com

About ED&F Men

ED&F Man is a global agricultural commodities trader with 5,500 people in 50 countries. ED&F Man Commodities is the Group’s principal commodities trading division, trading sugar, coffee and molasses products. For more information, visit www.edfman.com

About ED&F Man Capital Markets

ED&F Man Capital Markets is a global financial brokerage business and the financial services division of ED&F Man. It provides access to multiple exchanges and clearinghouses in multiple jurisdictions, offering an unparalleled range of products and services: futures and options, metals, fixed income, stocks, energy and currencies. For more information, please visit www.edfmancapital.com

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SOURCE Marex Group