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  5. GFI Group Acquires Ginga Petroleum Pte

M&A Deal Summary

GFI Group Acquires Ginga Petroleum Pte

On March 12, 2019, GFI Group acquired financial services company Ginga Petroleum Pte

Acquisition Highlights
  • This is GFI Group’s 4th transaction in the Financial Services sector.
  • This is GFI Group’s 1st transaction in Singapore.

M&A Deal Summary
Date 2019-03-12
Target Ginga Petroleum Pte
Sector Financial Services
Buyer(s) GFI Group
Deal Type Add-on Acquisition

Target

Ginga Petroleum Pte

Shanghai, Singapore
Ginga Petroleum (Singapore) Pte Ltd. provides a comprehensive range of broking services for physical and derivative energy products including Naphtha, Liquefied Petroleum Gas, Fuel Oil, Biofuels, Middle Distillates, Petrochemicals, and Gasoline. Ginga Petroleum (Singapore) was founded in 1998 and is based in Shanghai, Singapore.

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Buyer(S) 1

Buyer

GFI Group

New York, New York, United States
Category Company
Founded 1987
Sector Financial Services
Employees1,984
Revenue 840M USD (2014)
DESCRIPTION

GFI Group, Inc. is a brokerage company servicing the financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products.

DEAL STATS #
Overall 5 of 5
Sector: Financial Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Singapore M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-22 Micromega Securities Proprietary

Johannesburg, South Africa

Micromega Securities Proprietary Ltd. is a provider of an interdealer brokerage services in fixed income, rates and foreign exchange products via its three operating subsidiaries: TTSA Securities (PTY) Ltd, SA International & Capital Market Brokers (PTY) Ltd and Micromega Africa Money Brokers (PTY) Ltd.

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