StoneX Acquires Octo Finances to Strengthen European Footprint

Deal News | Feb 03, 2025 | Globenewswire

StoneX Acquires Octo Finances to Strengthen European Footprint

StoneX Group Inc., a U.S.-based global financial services company, has finalized its acquisition of Octo Finances SA, a leading fixed income broker situated in Paris. This strategic acquisition is set to enhance StoneX's fixed income arsenal and expand its market presence in Europe. With the completion of the acquisition, both entities are ramping up joint planning activities, leveraging Octo's extensive expertise in bond and convertible sales, debt capital markets, and credit research. Since 1991, Octo has established itself as a reliable partner in the financial sector with an impressive track record, having published over 75,000 reports. StoneX, a Fortune 100 company listed on NASDAQ, continues its strategy of expanding through acquisitions, enhancing its service capabilities, and integrating digital platforms across its global network, which includes more than 4500 employees serving a diverse client base.

Sectors

  • Financial Services
  • Investment Banking

Geography

  • United States – StoneX Group Inc. is headquartered in New York City, and its operations are a significant aspect of this acquisition.
  • France – Octo Finances SA, the acquired company, is based in Paris, France, emphasizing the acquisition's impact on the European market.

Industry

  • Financial Services – The article involves StoneX Group Inc. and Octo Finances SA, both functioning in the financial services sector, dealing with areas such as fixed income, debt capital markets, and brokering.
  • Investment Banking – Octo Finances SA's specialization in debt capital markets and bond sales positions it within the investment banking industry.

Financials

    Participants

    NameRoleTypeDescription
    StoneX Group Inc.AcquirerCompanyA global financial services firm headquartered in New York City, with services spanning digital platforms and financial market ecosystems, listed on NASDAQ.
    Octo Finances SATargetCompanyA leading fixed income brokerage firm based in Paris specializing in bond and convertible sales, debt capital markets, and credit research.
    Anthony Di CiolloGlobal Head of Fixed IncomePersonAn executive at StoneX Group Inc. expressing optimism about the acquisition's impact on fixed income offerings.