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Australia headquartered Forex (FX) and Contracts For Difference (CFD) trading provider <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/axicorp/" target="_blank">AxiCorp</a> Thursday announced it had secured a &#8216;significant strategic investment&#8217; from private equity firm RGT Capital.</article>

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Australia headquartered Forex (FX) and Contracts For Difference (CFD) trading provider <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/axicorp/" target="_blank">AxiCorp</a> Thursday announced it had secured a &#8216;significant strategic investment&#8217; from private equity firm RGT Capital.
While details of the deal were not disclosed, it is learnt that The RGT has picked up a little over a third of the company, and in a separate transactions, AxiCorp has also allotted stakes to its top management.
“This is a significant and exciting time for us. And to have the backing of RGT Capital means we can accelerate our expansion and diversification plans,&#8221; said <a style="color: #000080;" href="https://sg.linkedin.com/in/rajesh-yohannan-b20859" target="_blank">Rajesh Yohannan</a>, Axicorp&#8217;s CEO, in a statement. Yohannan, who was formerly heading OANDA&#8217;s Asia Pacific operations, was brought on board to lead AxiCorp in June this year.
AxiCorp, which oversees transactions of about $100 billion a month, is one of the few Australian-owned FX and CFD trading companies and outside that continent, has operations in Dubai and London, providing FX and CFD trading services to retail and institutional clients in more than 150 countries.
“We have well-developed plans for expansion both geographically and in terms of product offering. And this investment means we can accelerate those plans. In assessing funding and investment options, of course the investment was welcome, but for us it is always about working with someone who gets it,&#8221; Yohannan added.
RGT Capital’s investment in AxiCorp is among the major investments by a PE firm in an Australian-owned FX and CFD company, where historically investment has been focussed on the more established UK and US markets. Earlier this year, Australia&#8217;s Champ Private Equity had invested in forex and CFD broker Pepperstone.
These investments suggest a recognition of the maturing Australian FX and CFD sector and its attractiveness for a strategic investment.
“With the in-coming management team adding strength to AxiCorp’s focus on technology, scale and client championship, I believe we’ve found another gem,&#8221; said RGT Capital’s Chief Investment Officer, Adam Wilson.
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RGT Capital had made a strategic investment in forex and CFD trading firm Axicorp

Australia: Axicorp secures strategic investment from RGT Capital

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Australia: Axicorp secures strategic investment from RGT Capital

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