ADVFN Ltd has signed a binding agreement to acquire Capital Markets Group, which includes HotCopper and Stockhouse, for $4.43 million USD, enhancing its presence in the Australian and North American investment sectors.
Information on the Target
ADVFN Ltd has announced the signing of a binding agreement to acquire Capital Markets Group (CMG) from Gumtree Australia Markets Ltd. CMG operates two prominent investor platforms: HotCopper, which is renowned as the leading online community for retail investors in Australia focusing on ASX-listed stocks, and Stockhouse, one of Canada's most recognized digital investor communities.
The acquisition is valued at $4.43 million USD on a cash-free, debt-free basis, with completion anticipated in the first week of Q3 2025.
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Industry Overview in the Target’s Specific Country
The Australian online investment community has witnessed significant growth, driven by increasing participation from retail investors in the stock market. Pla
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ADVFN Ltd
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Capital Market Group
in 2025
in a Merger deal
Disclosed details
Transaction Size: $4M
Revenue: $6M
EBITDA: $0M
Enterprise Value: $4M
Equity Value: $4M
Multiples
EV/EBITDA: 22.2x
EV/Revenue: 0.7x
P/Revenue: 0.6x