Mint Partners and Mint Equities have been bought out of administration by a global firm.

Mint Partners and Mint Equities have been bought out of administration by a global firm.

Under the terms of the deal with BGC Partners, Mint will maintain its brand name and market identity, preserving over 100 jobs. The financial service provider’s joint administrators were David Chubb and Peter Spratt of PricewaterhouseCoopers.

BGC Partners is a global intermediary broker to the wholesale financial markets. The company specialises in brokering financial products including fixed income securities and foreign exchange and employs around 1,600 brokers and sales staff.

Shaun Lynn, president of BGC Partners, says: ‘Selective acquisitions, hiring experienced brokers, and investing in our proprietary technology have been key drivers of BGC’s growth. With the addition and continuing growth of the Mint brand we expect to augment our offerings to clients and expand our customer relationships.’

Law firm Berwin Leighton Paisner advised BGC on the acquisition.