DJ Eight Capital Partners PLC Investment in Financial Services
RNS Number : 3798V
Eight Capital Partners PLC
02 December 2019
Eight Capital Partners Plc
("Eight Capital" or the "Company")
Investment in Financial Services
The Directors are pleased to announce that Eight Capital has acquired a 59.9% stake in Financial Innovations Team Srl ("FIT"). FIT has been operating in financial services in the Italian and European markets for 18 years, sourcing investment transactions and providing corporate finance services in particular in transaction advisory and execution.
The remaining 40.1% of FIT is owned by Finance Partners Group SpA, a company in which Eight Capital has a 40% stake. It is Eight Capital's intention to restructure this ownership over time into a single direct ownership, in partnership with the management of FIT, to optimise the value of its holding.
Eight Capital's strategy is to invest in tech, media, telecom and financial services businesses (which include listed investing companies). In financial services it intends to expand its activities in Europe through organic growth or acquisition, so that it can deliver cross-border capital raise and corporate finance services.
This announcement contains information which, prior to its disclosure, was inside information for the purposes of Article 7 of EU Regulation 596/2014.
The directors of the Company accept responsibility for the contents of this announcement.
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For further information, please contact:
Eight Capital Partners Plc: +44 (0) 20 7469 0930 Dominic White firstname.lastname@example.org Cairn Financial Advisers LLP NEX Exchange Corporate Adviser Jo Turner / David Coffman +44 20 7213 0880 Financial PR: Abigail Stuart-Menteth +44 (0)207 812 0645 email@example.com
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(END) Dow Jones Newswires
December 02, 2019 09:46 ET (14:46 GMT)