Marex completed the acquisition of Aarna Capital.

Marex, a global financial services platform, completed the acquisition of Aarna Capital, a provider of clearing, execution and customised risk management solutions. Financial terms were not disclosed. “The Middle East region is an important growth opportunity for us, this acquisition will give us a presence in Abu Dhabi and will expand our clients and capabilities in the region. We are very excited about the potential of this acquisition, which will bring new clients to our platform and allow us to grow our clearing business, which is at the heart of our strategy to connect clients to markets. This acquisition meets our strict financial criteria and is at an attractive valuation, representing three to four times expected profit after tax. We also retain some firepower from the capital raised in our IPO to support further growth investments, as we look to continue to expand and diversify our business,” Ian Lowitt, Marex CEO.