FNG Exclusive… The current capital markets environment is hot not just for publicly traded companies, but also for their investment bankers, with the IBs racking up capital raising deals at a dizzying pace.
Joining the fray lately has been CFDs broker ETX Capital, which as was reported exclusively at FNG in September has made a strategic decision to utilize its FCA license (or more precisely, that of Monecor London Limited which operates ETX) and branch out into other regulated areas of financial activity – and specifically, raising money for mid and small cap publicly traded UK companies.
ETX Capital’s latest investment banking deal is also its biggest to date, with the company raising £3.5 million (USD $5 million) for Path Investments plc (LON:PATH), an energy and natural resources investment company.
Christopher Theis, CEO of Path Investments, said:
“We are delighted with the support we have received for the Fundraise. We look forward to concluding the prospectus approval process in the coming weeks and believe that the proceeds from the Fundraise will help facilitate our search for acquisition opportunities in line with our investment strategy. I look forward to providing further updates in due course.”