Lawrenceville, NJ (PRWEB) December 15, 2014
Edison Partners proudly announced today that it has completed the distribution of its entire holding of GAIN Capital (NYSE: GCAP) shares to its limited partners. The firm was one of GAIN Capital’s original investors. Edison invested approximately $3.5 million in 2001. GAIN successfully completed its IPO in 2010. Edison’s investment in GAIN produced a 17X return.
Headquartered in Bedminster, NJ, GAIN Capital is a global provider of online trading services and the owner of the best known brands in online and voice trading, providing liquidity, technology, and trading support to individual and institutional clients worldwide. The company’s award-winning service supports more than 12,500 OTC and exchange traded markets, averaging $595 billion in monthly transaction volume through more than 130,000 retail trading customers in 180 countries.
“It has been an honor to back the founders and management team with the foresight to create and attack an entirely new market in online trading,” said Chris Sugden, Managing Partner, Edison Partners, and GAIN Capital board member. “Glenn Stevens and the management team have successfully built one of the largest global online trading firms over our investment period and continue to effectively execute their strategic vision to further expand GAIN’s geographic footprint and product offering.”
“Chris is a hands-on board member and contributor. His operating experience, industry knowledge, and network have been invaluable to GAIN,” said Glenn Stevens, President and CEO, GAIN Capital. “Edison has been a true partner, offering actionable strategic advice and guidance at every step of GAIN’s journey from startup to becoming a successful publicly traded company.”
Edison has financed and guided 200 private companies, including 37 Financial Technology companies. Notable exits include FolioDynamix, Liberty Tax, Princeton Financial and EdgeTrade. Current Financial Technology portfolio companies include Billtrust, Business Financial Services, Compliance Science, OptionsCity, Scivantage and TraderTools.
About GAIN Capital
GAIN Capital Holdings, Inc. (NYSE:GCAP) provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities. GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe, and the Asia Pacific regions. For further company information, visit http://www.gaincapital.com.
About Edison Partners
For 28 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey to becoming successful companies. Through the unique combination of expansion capital and the Edison Edge platform, consisting of strategic advisory, the Edison Director Network, and executive education, Edison employs a holistic approach to nurturing invention and creating value for growth stage businesses ($5 to $20 million in revenue) in financial technology, healthcare IT, enterprise IT, and interactive marketing industries. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.
The Edison portfolio has created aggregate market value exceeding $5 billion. Its long-tenured team, based in Lawrenceville, NJ, New York, NY, McLean, VA and Cleveland, OH, manages $928 million in assets throughout the eastern United States.