Investec Australia has acquired a major stake in investor platform business Wholesale Investor for an undisclosed amount.
The move makes Investec one of the largest shareholders in Wholesale Investor, which was set up in 2008.
Investec Australia CEO Milton Samios said: "We are excited about our investment in Wholesale Investor and to further enhance our offering to growth and emerging companies. We are particularly attracted to Wholesale Investor’s overseas events and connectivity which aligns with our businesses in the UK and Hong Kong."
Wholesale Investor Founder and CEO Steve Torso added: "We are delighted about the opportunity to work with Investec Australia and look forward to growing our business with Investec as our partner. Investec’s international presence, along with their focus on emerging companies and entrepreneurs matches our enthusiasm for this segment of the market."
Wholesale Investor connects private, pre-IPO and small cap ASX-listed companies with high net worth investors in Australasia. The platform currently has over 13,000 subscribers in Australia and Asia.