Swiss-based
private equity firm Andromeda Capital Partners, owned by popular retail trading brand Tickmill, is acquiring a majority stake in Change, an Amsterdam-based fintech
company. According to Ingmar Mattus, the Co-Founder of both entities, the deal
will elevate Change, known for its mobile-first multi-asset brokerage platform,
to a global contender in the investment world. The transaction is expected to
close in October, pending approval from Dutch regulators.Andromeda Capital Acquires
Majority Stake in Change Andromeda
Capital Partners will increase its ownership in Change from 10% to 51%. The
shares will be acquired from Change's Founder, Kristjan Kangro.