TP ICAP completed the acquisition of Louis Capital from LCM Partners for $38m.

TP ICAP, a global firm of professional intermediaries that operates in the world's financial, energy and commodities markets, completed the acquisition of Louis Capital, a private brokerage group specialising in equities and fixed income, primarily based in Europe, from LCM Partners, an European alternatives asset manager, for $38m. "Louis Capital's strong brand and breadth of equity, equity derivatives and fixed income products complement our existing offering and strengthen TP ICAP's position in Continental Europe," Nicolas Breteau, TP ICAP CEO.