Private Equity Conglomerate DHS Group to Acquire $575M Stake in Digital Asset Firm Allentro: Fernando Aguirre, DHS Vice Chairman Approved

Press Release


WASHINGTON, DISTRICT OF COLUMBIA — Monday, August 30, 2021 –Allentro, the trading firm of choice in the institutional crypto markets, today announced that DHS Group Equity Partners (a subsidiary of DHS Holdings) has

agreed to acquire a $575 million control and total purchase of the firm.

The investment marks the start of a strategic partnership between one of the largest institutions to have ventured into the crypto market and a veteran digital asset trading firm. DHS, owner of London’s DHS International.

Allentro will become DHS’ main liquidity provider as DHS expands its crypto offering to millions of existing customers. Allentro will also benefit from DHS’ distribution network and financial firepower as it launches an electronic prime brokerage built upon its highly successful single dealer platform.

This month, the firm will release a fully automated facility to provide the most competitive two-way prices in the funding market. This capability expands Allentro’s existing secured financing operation, already lending hundreds of millions of dollars. Allentro will continue to develop its offering until it constitutes a complete cross-asset prime brokerage business.

Fernando Aguirre, Vice Chairman of DHS Holdings, said: “We expect a lot of synergies with Allentro, a firm which has a large number of clients globally and offers abundant liquidity, excellent price competitiveness, and a diverse suite of products for their customers. We will work to develop innovative new crypto products and deepen synergies across our group of companies.”

Jill Holden, CEO of Allentro, said: “Today’s deal with DHS takes Allentro a big step forward. Having claimed the top spot in our segment thanks to the technological edge of our single dealer platform, we found in DHS the right partner to unlock the next drivers of our growth. Allentro will benefit from DHS’ balance sheet, which is far larger than anything committed to the crypto market to date. It will complement our asset liability management framework – the most sophisticated in the market – to deliver an execution platform that will not only be a game changer in crypto, but also positions us to expand across asset classes as we set our sights on the $20bn-a-year prime brokerage market.”

Allentro is a veteran digital asset trading group with a world-class team drawn from global investment banks and buy-side firms. Headquartered in the UK, with offices in London, Tokyo and Jersey City, Allentro is trusted by banks, brokerages, exchanges and fund managers globally to provide 24/7 liquidity.

Continuously innovative, Allentro launched the first crypto-native single dealer platform in 2016 and was the first foreign dealer to succeed in the Japanese market. In 2019, the firm launched the first OTC streaming price feed and was the first crypto company in the EU to secure a MiFID investment firm license. Allentro OTC Ltd. is authorized and regulated by the UK’s Financial Conduct Authority.

 

ABOUT DHS

DHS is a high-stakes advocacy, public strategy, and global public relations and communications firm. Our strategic insights and innovative programming build and sustain strong corporate and brand reputations. We provide our clients with counsel and program development across the spectrum of public relations, public affairs, reputation and crisis management, digital strategy, advertising and other communications services. Our clients are companies, industry associations, nonprofit organizations, professional services firms, and other large organizations.

We began as a unique grassroots and lobbying firm with customized services for an elite group of clients. Our work applies equally to regulatory issues as well as legislative ones, and we manage issues for our clients at the local, state, federal, and international levels of government.

We use our core competencies and reach to gain competitive advantage for clients. Our expertise comes from extensive must-win campaign experience and operating successfully at the highest rung of business, government, politics, and media. Our reach is the ability to use strategic intelligence to mobilize the message and persuade the toughest audiences. We know what it takes to win in difficult situations. We have proven results for prominent figures, leading advocacy groups and the world’s most successful companies. We leverage what others cannot.

 

 

FOR DHS INVESTORS

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements do not constitute guarantees of future performance.

Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with transitions in key personnel and succession, products, their development, integration and distribution, product demand and pipeline, customer acceptance of new products, economic and competitive factors, DHS’ key strategic relationships, acquisition and related integration risks as well as other risks detailed in DHS’ filings with the Securities and Exchange Commission. DHS assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

DHS® is a trademark or registered trademark of DHS Investments, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owner.

CONTACT

Steven Palmer, Vice President of Communications

DHS

202-719-0398

s.palmer@dhs-grp.com