Investment Bank, DAI Magister have advised on the proposed
acquisition of Freetrade, a leading self-directed investment
platform, by IG Group for GBP £160m.
LONDON, Jan. 19,
2025 /PRNewswire-PRWeb/ -- DAI Magister, an
investment bank advising international technology and climate
companies is delighted to have advised on the proposed acquisition
of Freetrade, a leading self-directed investment platform, by IG
Group for GBP £160m. The transaction highlights the growing
popularity of self-directed investing in the UK market.
"DAI Magister is privileged to have been
the exclusive financial advisor to the Freetrade team in this
landmark deal. The acquisition allows Freetrade to continue to
scale as one of the UK's most exciting investment platforms and a
leader in the self-directed investing market."
Freetrade has emerged as a leading digital newcomer in the UK
financial market since 2018, growing its customer base to 720k+.
The company demonstrated robust expansion in 2024, with net inflows
representing 22% of its starting assets under administration (AUA).
This helped drive total AUA to £2.5 billion, more than doubling
from £1.2 billion at 2022's close. The platform has successfully
attracted higher-value customers, with the number of clients
holding over £10,000 in assets rising significantly to 41,000 by
December 2024.
Its acquisition by IG Group Holdings plc, a global financial
technology leader based out of London, will strengthen IG's UK trading and
investments offering and provide access to new customer segments
and capabilities.
Divij Ruparelia, Co-Head of DAI Magister, commented "DAI
Magister is privileged to have been the exclusive financial advisor
to the Freetrade team in this landmark deal. The acquisition allows
Freetrade to continue to scale as one of the UK's most exciting
investment platforms and a leader in the self-directed investing
market."
Breon Corcoran, CEO of IG
commented: "This is a rare opportunity to strengthen IG's UK
trading and investments offering and broaden our target addressable
market. Freetrade is one of the most successful emerging players in
the UK direct-to-customer investment market, with a strong brand,
highly scalable technology and delivering rapid growth. I am
delighted that Viktor and his team will join IG and continue to
lead Freetrade".
Viktor Nebehaj, CEO and co-founder of Freetrade said: "This is
an exciting opportunity to accelerate our growth and delivery of
new products and features on our award-winning platform. IG's
vision for Freetrade is closely aligned with our own and its
backing will be of huge benefit as we continue to scale the
business."
IG will acquire 100% of Freetrade for an enterprise value of
£160 million which will be funded in cash from existing capital
resources. Completion is subject to customary conditions including
regulatory approvals but currently expected in mid-2025. IG will
operate Freetrade as a commercially standalone business with its
own brand, existing management team and operational platform to
support the successful execution of the strategy. Viktor Nebehaj,
CEO and co-founder, and the leadership team, will remain with
Freetrade and continue to scale the business.
Media Contact
Rayana Choudhary, DAI Magister,
44 7923 841977, rchoudhary@daimagister.com,
www.daimagister.com
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SOURCE DAI Magister
