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December 24, 2021updated 05 Jan 2022 12:24pm

FDCTech buys stake in specialist dealer AD Advisory Services

Fintech firm FDCTech has reached an agreement to buy a 51% equity interest in AD Advisory Services (ADS) in a stock-for-stock transaction.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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Under the terms of the deal, ADS will receive 45,000,000 shares of the company common stock worth $3.15m based on a $0.07 per share price.

Concurrently, FDCTech will receive 62,450,000 ADS shares representing 51.0% of the current outstanding equity interest as well as the voting power of the ADS common stock.

ADS is an independent specialist dealer group that offers licensing solutions for certain education and compliance-focused financial advisors and accountants.

The acquisition will help FDCTech foray into the Australian wealth management market with access to the Australian Financial Services License (AFSL).

The licence will allow the firm to offer a range of financial services in the country, including financial product advice for several asset classes and deals in financial products with retail and wholesale clients.

FDCTech co-founder and CEO Mitchell Eaglstein said: “We are pleased to achieve this major milestone for the Company and our shareholders.

“The successful new direction will create new opportunities for the company through cutting-edge digital financial tools that we will implement through our software development capabilities and ADS’ deep knowledge of the Australian wealth management industry.”

Commenting on the deal, AD Advisory Services CEO Jonathan Thomas said: “We have built our business around our clients by transforming their financial well-being through our highly educated and compliant focused financial advisors.

“As we merge with FDCTech, we will forge a digital wealth management company to reduce the cost to serve clients while providing comprehensive financial planning advice.”

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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