Lawfuel.com – Davis Polk is advising GAIN Capital Holdings, Inc. in connection with its approximately $107 million acquisition of Global Futures & Forex, Ltd. The transaction, which is subject to regulatory approvals and customary closing conditions, is expected to close in the third quarter of 2013.
GAIN Capital is a global provider of online trading services. GAIN’s innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange, contracts for difference and exchange-based products. Global Futures & Forex is a global provider of retail foreign exchange and derivatives trading with offices in London, Singapore, Tokyo, Sydney and Grand Rapids, Michigan.
The Davis Polk corporate team includes partner Leonard Kreynin and associates Carlo M. Caponi, Christopher R. Utecht and Christopher M. Bezeg. Partner Kenneth J. Steinberg is providing credit advice. Partner Kyoko Takahashi Lin and associate Jessica Lutrin are providing executive compensation advice. Partner Rachel D. Kleinberg is providing tax advice. Members of the Davis Polk team are based in the New York and Menlo Park offices.
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