Cantor Fitzgerald Ireland, a unit of Cantor Fitzgerald Securities, has agreed to acquire Merrion Capital Group, an Irish financial services firm.
Merrion Capital Group includes Merrion Stockbrokers, Merrion Investment Managers and Merrion Corporate Finance.
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The deal, whose financial terms were not disclosed, is subject to regulatory approval.
Cantor Fitzgerald said that the acquisition will expand its investment management, financial advisory, debt and corporate advisory offering.
Commenting on the transaction, Cantor Fitzgerald Ireland CEO Ronan Reid said: “The addition of Merrion’s very experienced and respected personnel to our own Wealth Management, Debt and Corporate Finance teams, together with Merrion Investment Managers, the excellent standalone Investment Management division, will create one of the largest financial services firms in Ireland, while retaining both firms’ client-centric offering and approach.”
Merrion CEO Pat O’ Neill added: “Ensuring continuity of the Merrion team, strategy, and our client-focused philosophy, was an important factor in our decision to join Cantor and will help us build scale and deepen our product offering for existing clients in all areas of our business.
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By GlobalData“The values, strategies, and approaches of both firms are similar, and the transaction will undoubtedly prove beneficial to both firms and their clients.”
