BGC Group unlocks value for shareholders with the sale of Rates Compression business Capitalab
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BGC Group has sold its Rates Compression business, Capitalab, to Capitolis for $46 million, achieving a revenue multiple of 7.5x. This move aligns with BGC's strategy to unlock shareholder value and focus on its higher-margin technology business, Fenics.
December 03, 2024 | 12:45 pm
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BGC Group sold its Capitalab business for $46 million, achieving a revenue multiple of 7.5x. This sale is part of BGC's strategy to focus on its high-margin technology business, Fenics, which has shown strong revenue performance.
The sale of Capitalab for a significant revenue multiple indicates a positive financial move for BGC, aligning with its strategy to focus on its more profitable technology segment, Fenics. This is likely to be viewed favorably by investors, potentially boosting BGC's stock price in the short term.
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