Brussels, Belgium, February 25, 2021
Merodis, an independent corporate finance advisory firm, is pleased to announce that it successfully advised the shareholders of Gold & Forex International in the sale to Whitestone Partners.
Gold & Forex International (“GFI”) (www.goldforex.be) was founded in 2005 as a brokerage house for physical gold, silver, rhodium and foreign currency in the historical center of Brussels. GFI grew to become part of the most renowned players in its industry in Belgium in terms of revenue and market presence with strong B2B partnerships.
Whitestone Partners (www.whitestone.eu) is a Belgian-based private holding that invests and develops companies in various sectors (asset/wealth management, composite materials, agri-/food-tech, start-/scale-up, public/private). The acquisition of this great company, was made with Alexandre Convent and Nicolas Portello (two members of the management) and three private investors. Whitestone plans to accelerate the development of GFI with new digital and physical services and products and to expand internationally. Given the size, complexity of the business and its regulation by the FSMA, the co-founder of Whitestone, Sandro Ardizzone, will endorse the role of CEO.
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