The AIM traded investing company focused on opportunities within the financial services sector will now own the entire share capital of Global Investment Strategy.

London-listed investment company Octagonal has acquired the remaining share capital of Global Investment Strategy UK that it does not currently own, it announced in a statement on the London Stock Exchange.

In April last year, Octagonal acquired a 9.97 per cent stake in the financial services business, which was founded in 2002 and serves institutional, family office and high net worth clients. 

Octagonal said it had raised £1.7 million ($2.6 million) via share subscription to part fund the acquisition of the rest of the business, and for general working capital. The purchase price of the outstanding share capital comprises £1.5 million in cash and the issue of 336.1 million shares.

The new enlarged group will provide settlement and safe custody services to smaller institutional funds, family wealth offices and high net worth investors along with other ancillary services.