FW advises GFI on the acquisition of The Kyte Group Limited and Kyte Capital Management Limited.

July 22, 2010

Fox Williams LLP acted for GFI Group Inc. ("GFI"), a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets, on its acquisition of The Kyte Group Limited and Kyte Capital Management (together "Kyte") for a purchase price of up to £80M. Kyte is a member of leading exchanges including NYSE Euronext, NYSE LIFFE and Eurex, and provides clearing, broking, settlement and back-office services to proprietary traders, brokers, market makers and hedge funds.

Michael Gooch, Chairman and Chief Executive Officer of GFI, commented: "We believe the acquisition of Kyte and, in particular, its expertise in the listed derivatives markets and its proven risk management and clearing platforms, will position GFI well in an environment favouring standardised, exchange traded products. David Kyte is a highly respected entrepreneur in the London trading community and we are delighted to be bringing his innovative business into the GFI group of companies".

Fox Williams Corporate Partner, Nick Sayers, commented: "We were delighted to work with GFI on this transaction which strengthens GFI's position within the UK financial services sector".

Nick Sayers (Partner) led the transaction and was assisted by Steve Barnett (Partner) and corporate associates Eniga de Montfort and James Daughtrey, partner Emma Bailey and associate Deepash Patel on tax, partner Kolvin Stone and associate Clare Atkinson on IP and IT, partner Mark Watson and associate Romella Manning-Brown on employment and senior associate Rebecca Watkins on property. SJ Berwin advised the vendors.


Related pages:

Corporate more

Experts on the human side of enterprise more

Financial Services more

Intellectual property more

Real Estate more

Tax and Incentives more

icons Addthis Print Contact Register

Contact

tel: +44 (0) 20 7628 2000
10 Finsbury Square, London, EC2A 1AF
View map


For more information

 image

Emma Bailey
Partner
Direct dial: +44 (0)20 7614 2560
ebailey@foxwilliams.com

 image

Mark Watson
Partner
Direct dial: +44 (0)20 7614 2506
mawatson@foxwilliams.com

Accreditations

  • Top Ranked Chambers UK 2014 - Leading Firm
  • Ranked in Chambers Europe 2013 - Leading Individual
  • Ranked in Chambers Global 2014 - Leading Firm
  • Legal 500 - Leading Firm
  • The Lawyer UK 200 - Listed Firm
  • The Law Society Excellence Awards 2012 - Shortlisted
  • Investors in People - Bronze