Playbell & Co. advises LMAX Exchange Group on the acquisition of a Cyprus investment firm
28 August 2019
Playbell & Co. advised LMAX Exchange Group on the acquisition of the Cyprus investment firm CB Capital Business Limited. Engagement covered legal and regulatory advisory work in Cyprus, including facilitation of the transaction approval process by the Cyprus Securities and Exchange Commission.
LMAX Exchange Group is a global, diversified financial services company, which operates multiple institutional execution venues for FX trading. The acquisition is part of the Group’s international expansion strategy which aims to broaden the company’s global presence in order to provide better market access to its clients. Currently, LMAX Exchange Group services clients in over 100 countries from its eleven offices in the UK, US, EU and throughout Asia Pacific. Following the transfer of shares to LMAX Global, the new regulated entity will sit under the LMAX Global brand, as a European legal entity – “LMAX Broker Europe ltd”.
The transaction was led by the firm’s managing partner Varnavas Playbell and head of financial services partner Andrea Stefani.
For more information with regards to the above or in connection to any legal and regulatory aspects of financial services related matters contact Andrea Stefani firstname.lastname@example.org.