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New Deal


Announced

Digital Currency Group to acquire Luno.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

Private

Venture Capital

Majority

Acquisition

Single Bidder

United Kingdom

Friendly

cryptocurrency exchange

Cross Border

Pending

Private Equity

Synopsis

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Digital Currency Group, a venture capital company focusing on the digital currency market, agreed to acquire Luno, a cryptocurrency exchange. Financial terms were not disclosed. “We are proud to have supported Luno as an early investor, and we recognize a shared commitment to building mission-driven companies that can help transform traditional financial services and improve economic freedom for people all over the world. Luno is a high growth, global business and there is a massive opportunity to expand organically and through acquisitions,” Barry Silbert, DCG Founder and CEO.

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