BGC Partners, an intermediary to the wholesale financial markets, has completed the acquisition of various assets and businesses of Mint Partners and Mint Equities through BGC Brokers.
Over 100 brokers from Mint’s international business will join BGC.
Mint will conduct business as usual and maintain its brand name and market identity as a division of BGC.
Shaun Lynn, president of BGC Partners, says: “We are delighted to welcome Richard Barnett, Timothy Bullman, and the highly talented Mint group as part of BGC. Selective acquisitions, hiring experienced brokers, and investing in our proprietary technology have been key drivers of BGC’s growth. With the addition and continuing growth of the Mint brand, and the opportunity to offer our globally-recognised, world-class technology platform to our new colleagues, we expect to augment our offerings to clients and expand our customer relationships.”
Mint’s co-founders, Barnett and Bullman, remain co-chief executives of the Mint business and also have become senior managing directors of BGC.
In a joint statement, Barnett and Bullman said: “From our initial focus on the institutional equities market when we created Mint six years ago, the firm’s scope has steadily broadened to serving clients across credit, rates, foreign exchange, commodities and energy products. BGC’s strong balance sheet, global presence and pre-eminent technology platform, which were key factors in our decision to become part of BGC, create a tremendous opportunity to bring new capabilities and levels of service to our loyal clients worldwide.”
Cantor Fitzgerald acted as an adviser in connection with the transaction.
