JC Flowers & Co to acquire 30% stake in LMAX Group for $300m.

JC Flowers & Co, a private investment firm dedicated to investing globally in the financial services industry, agreed to acquire 30% stake in LMAX Group, an independent operator of institutional execution venues for FX and crypto currency trading, for $300m. "Not only have we identified a like-minded partner in JC Flowers who understands global capital markets and brings valuable connectivity to strengthen LMAX Group's presence in North America and Asia, but one that shares our vision of building the Company into the pre-eminent global FX and crypto currency exchange," David Mercer, LMAX Group CEO.