ARC Group to acquire Luminous Capital.

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.