US interdealer broker BGC Partners (BGCP) has inked a deal to purchase the UK assets and subsidiaries of RP Martin Group, a wholesale broking firm.

As part of the acquisition, BGCP will buy RP Martin’s London-based assets as well as the group’s subsidiaries in Sweden and the Netherlands, from Gresham, the private equity group. Financial terms of the deal were not disclosed.

Subject to regulatory approvals, BGCP will purchase RP Martin’s other businesses based in Sweden and the Netherlands in 2015.

The acquisition of RP Martin is expected to boost BGC’s presence into the Netherlands and Sweden as well as strengthen BGC’s European business.

Additionally, the transaction will also strengthen BGC’s European rates and foreign exchange platforms.

The company said that the assets and subsidiaries acquired, and those expected to acquire in 2015, generated unaudited revenues in excess of $50m in the financial year ending 30 September 2014.

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Shaun Lynn, president of BGC Partners, said: "We expect it to bolster our European business by taking us into new geographies and complementing and strengthening our existing rates and foreign exchange platforms in the UK and Europe.

"This agreement demonstrates our commitment to making accretive acquisitions which can immediately be leveraged on our infrastructure, strengthening our financial services business," Lynn added.