Deal typeTransaction Services
IndustryFinancial Services
Client nameAxicorp Limited
AxiCorp, an Australian-owned Forex and Contracts For Difference trader, has announced that it will acquire C B Financial Services Ltd (trading as One Financial Markets), a UK headquartered online Forex and CFD broker. The deal is subject to customary regulatory approvals.
The acquisition will strengthen AxiCorp’s presence in a number of key markets including the UK, Middle East and Asia and will strengthen its position as one of the leading CFD and FX providers globally.
BDO undertook a limited scope due diligence review of the target and advised on aspects of the completion mechanism.