CFH Group to Acquire Half of Boston Technologies
CFH Group, which has a portfolio including Tradable and CFH Clearing, will be acquiring the stake from co-founder Kevin Millien in an all-cash deal. Millien will then be appointed as a strategic consultant, looking at potential synergies between Boston Technologies and other firms in the CFH stable.
"I believe that this transaction is highly accretive for both Boston Technologies' prime-of-prime business and our own," says Christian Frahm, CEO at CFH Group. "Both organizations have proven to be leading innovators in the global FX market with cutting-edge technology. I am confident that this deal will fuel significant growth for both organizations."
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