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Announced

Wedbush Financial Services to invest in Velocity Trade.

Financials

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

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Financial Data and Systems

Pending

Single Bidder

United States

Minority

Friendly

Private Equity

Acquisition

Domestic

brokerage firm

over-the-counter products

Private

Synopsis

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Wedbush Financial Services, a privately held investment firm based in Los Angeles, agreed to invest in Velocity Trade, a global brokerage firm offering access to global OTC and exchange listed markets. Financial terms were not disclosed. "Our new partnership with Velocity is a major step forward in the Global vision for our firm. The unrelenting mission to provide our clients with world-class, global multi-asset services will only accelerate with the addition of Velocity’s outstanding international capabilities," Gary Wedbush, Wedbush CEO.

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