Gain Capital Holdings Inc. (NYSE: GCAP) is making majority investments in both Global Asset Advisors LLC and Top Third AG Marketing LLC.
Chicago-based Global Asset Advisors operates Daniels Trading, an independent futures brokerage firm that was founded in 1995. The company has a preexisting relationship with the buyer, and has reffered its clients to Gain Capital's futures business. Top Third, also based in Chicago, is a commodity broker that specializes in farmers.
Global Asset Advisors and Top Third will continue to operate as separate brands with their current management teams in place.
Gain Capital, headquartered in Bedminster, N.J., provides online trading services, and expects the deals to expand its futures business.
Both targets were advised by Chartwell Capital Solutions.
Similar deals include Tradeweb Markets' September agreement to buy BondDesk Group LLC, and NYSE Euronext's (NYSE: NYX) September purchase of a stake in ACE Group Inc., which runs a portal through which companies can sell stocks.