Announced
Financials
Sources
Tags
Private
Friendly
Single Bidder
Pending
Private Equity
Acquisition
United States
private equity firm
Private Equity
Cross Border
Majority
Synopsis
ARC Group, an international investment bank and financial services firm, agreed to acquire Luminous Capital, an US private equity and advisory firm. Financial terms were not disclosed. “This is another key milestone in our growth strategy. Luminous Capital gives us a US presence in the financial hub of the world – New York City. We have worked with the Luminous team on their SPAC and observed the excellence and integrity their team brings to their advisory and investing practice. Luminous Capital is a step further in building out the ARC platform as we look to become an international financial institution strengthening the opportunities between Asia and the rest of the world,” Sergio Camarero, ARC Group President.
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