Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • SMBC Group to purchase up to 4.9% of Jefferies shares forex news
  • Canadian regulators outline expectations for advertising and marketing by crypto trading platforms forex news
  • FCA to establish fund designed to invest efficiently in long-term assets forex news
  • Sezzle files confidential registration for IPO in the United States forex news
  • Marex names Arthur Fan its Head of APAC forex news
  • Press release war erupts between competing Finalto/Markets.com bidders forex news
  • CFTC updates on its action against head of $10M binary options scam forex news
  • Still no sign of AFX Capital as NY lawsuit continues forex news

NAGA Group raises €22.7 million as Apeiron takes big stake

Posted on 2021-09-17 By admin No Comments on NAGA Group raises €22.7 million as Apeiron takes big stake

Social trading focused Retail FX and CFDs broker NAGA Group AG (FRA:N4G), which operates the NAGA.com website, has announced its second major financing of 2021, raising €22.7 million (USD 26.7 million) in new equity capital from Apeiron Investment Group Ltd, which will become a new strategic and long-term investor in NAGA.

Apeiron is the private investment company of entrepreneur and investor Christian Angermayer and Igor Lychagov, founder of Exness, one of the largest Retail FX brokerage firms. Hauck & Aufhäuser acted as sole bookrunner in the transaction.

In addition to participating in the capital increase, Apeiron has entered into a share purchase agreement with its Elevat3 strategy, operating in partnership with Peter Thiel’s Founders Fund, to purchase a block of shares from Fosun Group and is in negotiations to acquire additional shares from other shareholders. These transactions are subject to regulatory approvals. In total and upon full completion, Apeiron is targeting a stake of approximately 22% in NAGA.

Earlier this year, as was exclusively reported at the time by FNG, NAGA raised €8 million from PIPE investor Yorkville, in a deal that could increase to €25 million in capital over the next three years. Apeiron is buying in at €5.40 per share, about 5% below NAGA’s closing price Thursday of €5.70.

Following the strategic investment, the NAGA Supervisory Board is to be increased from four to five members at the upcoming Annual General Meeting. The company will propose to elect Christian Angermayer as a new member of the Supervisory Board. In order to be able to add this agenda item to the upcoming Annual General Meeting, the date of the Annual General Meeting was postponed from September 23, 2021 to October 11, 2021.

Benjamin Bilski, Founder and CEO says:

“We are delighted to welcome Apeiron with its Elevat3 strategy as a new strategic partner. We have worked very hard over the last few years and this partnership is an absolute milestone for us. Already, NAGA has more than 1 million registered accounts, operates in more than 100 countries and is on track to grow revenue by more than 100% in 2021 compared to 2020. And that’s just the beginning. I believe that NAGA’s growth can be accelerated with the proceeds of the current capital increase and with the strategic input of our new shareholders. “

Christian Angermayer commented:

“NAGA is one of the fastest growing neo-brokers in the world. The company has impressively proven that combining social media, investments, cryptocurrencies and payments on one platform attracts a new generation of investors who are used to a simple user experience and all services just a tap away. This retail investment market is growing rapidly and offers tremendous potential. I am very much looking forward to working with the founders, the board, Igor and Fosun.”

Alan Liu, global partner of Fosun and board member NAGA said,

“We are delighted to be working with Christian, who has a proven track record of building global technology champions. We are also honored to welcome Igor Lychagov to our investor table, his retail brokerage experience is truly second to none.”

forex news Tags:forex-news

Post navigation

Previous Post: Coinbase applies for NFA registration as Futures Commission Merchant
Next Post: CME Group SOFR futures contracts reach new record

Related Posts

  • US Department of Treasury no longer labels Switzerland as currency manipulator forex news
  • Robinhood revives efforts to nix short squeeze lawsuit forex news
  • The MAGA Saga: Why Amazon Declined in October, While Microsoft, Apple and Google Spiked forex news
  • TechFinancials to sell Cedex to Lem Management forex news
  • Robinhood seeks to dismiss Ice Cube’s amended complaint forex news
  • HKEX appoints Yang Qiumei as Managing Director, Advisor to CEO forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • Exclusive: Exness promotes Artem Seledtsov to Chief Business Development Officer forex news
  • eToro expands US presence hiring Ally analyst Callie Cox forex news
  • Moscow Exchange to launch after-hours trading in bonds forex news
  • Tickmill launches MT5 for nextgen traders forex news
  • Catena Media shares plummet 13% as Q2 Revenue falls 25% forex news
  • Robinhood to pay $70M to settle FINRA charges forex news
  • Interactive Brokers confirms it is no longer defendant in “short squeeze” lawsuit forex news
  • Interactive Brokers registers 22% Y/Y increase in DARTs in November 2021 forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme