UK - JRJ Group acquires majority stake in Marex
Newly-launched private equity firm JRJ Group has agreed to acquire a majority stake in futures broker Marex Group in a deal of undisclosed value.
Marathon Asset Management, the current majority shareholder, will retain a minority stake in the business alongside management.
London-based Marex provides specialist execution, direct market access and clearing services for metals, energy, agriculture and financial futures, as well as foreign exchange markets. Its client base includes commodity producers, consumers, banks, brokers, CTAs, hedge funds and professional traders.
Marex employs more than 200 people across its offices in London, Geneva and New York, and was founded in 2005. For the year ending March 2009, the company generated revenues of £84m.
JRJ Group was established in January 2009, and focuses exclusively on the financial services sector.
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