Hamilton Locke is pleased to have acted for FIIG Holdings Limited (FIIG), the owner of fixed income platform FIIG Securities, in relation to its 100% sale to Australian Investment Exchange Limited (AUSIEX), a wholly owned subsidiary of Nomura Research Institute, Ltd (NRI).
FIIG Securities was founded in Brisbane in 1998 by Jim Stening. He was subsequently joined by Douglas Bates, who was involved in creating the direct bond offering. FIIG currently oversees more than $4.5 billion on behalf of 6000-plus high-net-worth clients, making it Australia’s largest fixed income provider.
As an early market leader in the fixed income industry, FIIG has become a trusted name for high-net-worth investors seeking access to fixed income markets and corporate debt opportunities, setting the benchmark for a wave of mid-market competitors. This transaction underscores the growing strategic value of fixed income access in a changing investment landscape.
Hamilton Locke’s multidisciplinary team, led by Chairman of Partners Brett Heading and Partner, Funds & Financial Services Simon Carrodus, assisted on all aspects of the transaction.
Commenting on the transaction, Brett Heading said: “We are delighted to have assisted FIIG in this transformative transaction. FIIG is well known as pioneers in the fixed income space in the Australian market. This transaction allows FIIG’s continued growth as well as providing liquidity to its shareholders. We look forward to seeing how FIIG grows under AUSIEX, which is a commercially and culturally aligned acquiror.”
Brett and Simon were assisted by Senior Associate, Corporate Christina Hooper, Lawyer, Corporate Irfaan Rashid, Lawyer, Funds & Financial Services Connor Weber, and Graduate, Corporate Noah Gray.
