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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.

- ENDS -

For further information, please contact:

 Eight Capital Partners Plc:                  +44 (0) 20 7469 0930 
  Dominic White                        
 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 

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(END) Dow Jones Newswires

December 02, 2019 09:46 ET (14:46 GMT)