Hamilton Locke is delighted to have advised on the acquisition of Independent Reserve, one of Australia’s leading cryptocurrency exchanges, by London Stock Exchange-listed IG Group Holdings plc for an initial enterprise value of A$178 million. This transaction represents a significant milestone for Australia’s digital asset sector and demonstrates the growing maturity of the cryptocurrency market.
Independent Reserve, a longstanding client of Hamilton Locke, has established itself as a premier cryptocurrency exchange, offering trading in 34 digital assets in multiple currencies, serving retail and institutional customers, with permissions to operate in Australia and Singapore. Since its founding in 2013, the company has demonstrated exceptional growth and a strong commitment to secure and trusted trading.
Commenting on the transaction, Hamilton Locke Partner Jo Ruitenberg said: “Advising the Independent Reserve team on this significant transaction has been an absolute pleasure. Their dedication to innovation and client experience has set them apart in the industry, and joining forces with IG Group positions them strongly for the next stage of their journey. We’re thrilled to have played a role in achieving this fantastic result.”
The team at Hamilton Locke was led by Partner Jo Ruitenberg, with support from Lawyers Alexandra Meissner and Ally Frizelle, as well as specialist advice from Strategic Counsel Michele Levine and Partners Tim Grave, Sophie Bradshaw, Jamie Lumsden and Senior Associate Nicholas Pavouris.
We congratulate the Independent Reserve and IG Group teams and look forward to seeing their continued success in the future.
Read the full announcements here:
