INVESTEC ACQUIRES STAKE IN WHOLESALE INVESTOR
Written on the 24 June 2016
INVESTEC Australia has diversified its investment offering after purchasing a major stake in Wholesale Investor.
The Bank of Queensland-backed business has acquired a substantial interest in the online investor platform for an undisclosed amount.
Established in 2008, Wholesale Investor connects private, pre-IPO and small cap ASX-listed companies with high net worth investors in Australasia.
Investec Australia CEO Milton Samios says the company has built a strong history of working with growing businesses.
"We are excited about our investment in Wholesale Investor and to further enhance our offering to growth and emerging companies," Samios says.
"We are particularly attracted to Wholesale Investor's overseas events and connectivity which aligns with our businesses in the UK and Hong Kong."
He says the acquisition extends Investec's presence in the investment ecosystem.
The platform has more than 13,000 subscribers in Australia and Asia.
Wholesale Investor founder and CEO Steve Torso says the team looks forward to growing the business with Investec as a partner.
"Investec's international presence, along with their focus on emerging companies and entrepreneurs matches our enthusiasm for this segment of the market," Torso says.