Frontera, an Abu Dhabi Global Market (ADGM) FSRA regulated frontier markets fixed income investment firm, has announced that it has entered into a binding stock purchase agreement to acquire the entire issued share capital of Tellimer Markets Inc, from the Tellimer Group.
The newly acquired company will serve as Frontera’s sales and distribution platform for institutional investor clients in the United States, and will be renamed Frontera Markets Inc. at completion.
Tellimer Group will continue to provide investors and market participants with world class emerging market focussed research and data from its own award-winning analyst team, and curate the best information and analysis from global and local banks, brokers, supranational agencies and other experts across the emerging economies.
Dr. Vicente Pons, founder and owner of Frontera, said: “This acquisition is transformational for our operations as it adds further strength to our sales capabilities and specifically allows our products to be introduced to US investors. We are now also uniquely placed to expand our origination efforts confident that with an enhanced distribution platform in the US we will have access to a pool of sophisticated institutional investors who are seeking portfolio diversification and yield enhancement in global frontier market fixed income investments”.
Duncan Wales, CEO of Tellimer said: “We are very pleased that Frontera has acquired our US broker-dealer and it will be able offer clients new and innovative capital markets opportunities. This deal represents the next phase of our strategy, following the recent sale of our brokerage operations to INTL FCStone, as we move away from providing execution and brokerage services, and focus on providing our clients with the best technology, insight and data, to assist them in making decisions in emerging markets.”