Like Global Envoi Limited

closed 4/8/2020 via BNC Analysis

Harbour & Hills Financial Services Ltd., acquired Global Envoi Limited

synopsis: Harbour & Hills, a Hong Kong-based B2B payments service provider, has acquired a majority stake in Global Envoi, a payments processor based in Hong Kong. Global Envoi is a fintech company with a license from the Hong Kong Customs & Excise Department. It has strong capabilities in clearing payments to China.
buyer: Harbour & Hills Financial Services Ltd.
Harbour & Hills is a Hong Kong-based B2B payments service provider. Harbour & Hills offers cross-border payments services and smart FX solutions to corporations, businesses, financial institutions, marketplaces and other institutions worldwide. "
target: Global Envoi Limited
Global Envoi is a payments processor based in Hong Kong. Global Envoi is a fintech company with a license from the Hong Kong Customs & Excise Department. It has strong capabilities in clearing payments to China.
price ($mm)
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closed 9/10/2020 via BusinessWire

Paystone, acquired Swift Payments

synopsis: Paystone, a leading payments and software company, has acquired Swift Payments, a Certified Canadian Merchant Service Provider that provides Canadian businesses of all shapes and sizes with the opportunity to accept debit and credit card payments at affordable rates with an unsurpassed customer experience and complete transparency.
buyer: Paystone
Paystone is a leading payment and software company redefining the way merchants engage their customers and grow their businesses. The company's seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions are used by brands across North America. "
target: Swift Payments
Swift Payments is a Certified Canadian Merchant Service Provider that provides Canadian businesses of all shapes and sizes with the opportunity to accept debit and credit card payments at affordable rates with an unsurpassed customer experience and complete transparency.
price ($mm)
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closed 8/11/2020 via PR Web

Payroc, acquired Strategic Payment Systems, Inc.

synopsis: Payroc, a leading merchant acquirer and global payment processing organization, has acquired Strategic Payment Systems, Inc., a company that specializes in meeting the credit card processing needs of all merchants and businesses by strategically facilitating their processing and reducing the cost of doing business with customized low-cost rates.
buyer: Payroc
Payroc drives commerce for its merchants with anytime, anywhere payment solutions. Payroc serves its referral partners and merchant clients with integrity as trusted advisors and recognized experts in payments, providing transparent pricing clarity while delivering exceptional technology. "
target: Strategic Payment Systems, Inc.
Strategic Payment Systems specializes in meeting the credit card processing needs of all merchants and businesses by strategically facilitating their processing and reducing the cost of doing business with customized low-cost rates.
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announced 7/30/2020 via Company Press Release

InfraCom Group AB, will purchase Three Companies from MobiPlus

synopsis: InfraCom, a leading player in IT infrastructure, has entered into an agreement to acquire operations within the MobiPlus Group in bankruptcy. The companies acquired are VIKAB, an advertising and marketing company, Wavecom, an IT business, and Retailsolutions Sverige, a payment solutions company. MobiPlus is based in Sweden.
buyer: InfraCom Group AB (NGM:INFRA:$23.21)
InfraCom is a leading player in IT infrastructure. The company owns, operates and develops high-quality services in cloud-based telephony, cloud-based IT services, data centers, as well as data communication and Internet access to customers who demand high operational and data security. "
seller: MobiPlus
MobiPlus offers a unique marketing platform to companies in need of effective SMS based communications. MobiPlus is a technology company with most of its customers in the Scandinavian online retail market.
price ($mm)
$0.72
rev ($mm)
EBITDA ($mm)
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announced 7/29/2020 via BNC Analysis

Türkiye Is Bankasi A.S, will acquire Moka Odeme Kurulusu A.S.

synopsis: Turkiye Is Bankasi (Isbank), Turkey's first national bank, will acquire Moka, a digital payment services provider in Turkey. Moka provides online and mobile payment solutions for businesses of all sizes. Their virtual POS solution enables businesses to quickly and securely receive payments via SMS, e-mail, debit cards, and credit cards.
buyer: Türkiye Is Bankasi A.S (IBSE:ISCTR:$3,818.65)
Turkiye Is Bankasi (Isbank) is Turkey's first national bank. Isbank offers personal and commercial banking services. They also offer mobile banking, internet banking, telephone banking, and call center services. Isbank has 1,400 local and overseas branches and operates over 6,000 ATMs in Turkey. "
target: Moka Odeme Kurulusu A.S.
Moka is a digital payment services provider in Turkey. Moka provides online and mobile payment solutions for businesses of all sizes. Their virtual POS solution enables businesses to quickly and securely receive payments via SMS, e-mail, debit cards, and credit cards.
price ($mm)
$3.80
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/30/2020 via BNC Analysis

MFS Africa, acquired Beyonic, Inc.

synopsis: MFS Africa, the pan-African payments gateway which connects wallets across different mobile money platforms through its API, has acquired Beyonic, a digital payments services provider for enterprises which operates in Ghana, Uganda, Tanzania, Kenya and Rwanda.
buyer: MFS Africa
MFS Africa is the best gateway to send money to mobile wallets in Africa. They cover 200 million mobile money recipients across all major networks. Connect to expand a payout network in an instant. "
target: Beyonic, Inc.
Beyonic is a digital payments services provider for enterprises which operates in Ghana, Uganda, Tanzania, Kenya and Rwanda. Beyonic makes last-mile digital payments in emerging markets easy, freeing their clients to focus on making their businesses and communities thrive.
price ($mm)
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closed 4/27/2020 via BNC Analysis

Lock Trust, Inc., acquired Axxa Fintech Solutions

synopsis: Lock Trust, a streamlined technology and payment processing firm, has acquired Axxa Fintech Solutions, a provider of online payment processing services for products and services. Axxapay assists online businesses to accept online payments for their products and services, regardless their size and experience.
buyer: Lock Trust, Inc.
Lock Trust is a streamlined technology and payment processing firm serving individual consumers, small to large-market institutions, and governments with a customizable suite ranging of banking, automated taxing, and other financial and risk management products and services. "
target: Axxa Fintech Solutions
Based in Lithuania, Axxa Fintech Solutions provides online payment processing services for products and services. Axxapay assists online businesses to accept online payments for their products and services, regardless their size and experience.
price ($mm)
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announced 4/21/2020 via PR Newswire

Rapyd, will acquire KORTA

synopsis: Rapyd, a global Fintech as a Service company announced that it will acquire Korta, an Iceland-based payment card service provider. KORTA is a Payment Service Provider, operating in the field of acquiring and payment services. The company maintains a high standard of safety while offering competitive terms.
buyer: Rapyd
Rapyd has built the world's largest local payments network to power frictionless global commerce. The Rapyd Global Payments Network covers 900+ locally preferred payment methods. Innovative ecommerce companies, technology firms and marketplaces use their Fintech as a Service platforms. "
target parent: Kvika banki hf
target: KORTA
KORTA is a Payment Service Provider, operating in the field of acquiring and payment services. The company maintains a high standard of safety while offering competitive terms. KORTA is a fast growing payment provider, offering services all over Europe.
price ($mm)
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closed 2/19/2020 via Company Press Release

Danycomo, acquired Codium Pay s.r.o.

synopsis: Russia-based DANYCOM Group of Companies has acquired Codium Pay S.R.O., a Czech payment company that provides a full package of services and technologies for accepting online payments, Forex operations, and card issuing. Codium Pay will be integrated into the DANYCOMO brand and start providing financial services under DANYCOMO in EU countries.
buyer: Danycomo
Russia-based DANYCOMO is creating an international communication platform that provides a full range of online services for B2C and B2B companies, covering all types of multi-channel newsletters, mobile communications, and effective marketing automation tools. "
target: Codium Pay s.r.o.
Czech Republic-based Codium Pay provides a full package of services and technologies for accepting online payments, Forex operations, and card issuing while offering flawless support for all customers’ business needs.
price ($mm)
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announced 2/5/2020 via PR Newswire

Australis Capital Inc., will acquire Paytron

synopsis: Australis Capital, a company that operates and builds transformative, differentiated cannabis companies, will be acquiring Paytron, a privately held omnichannel payment services provider. Paytron offers credit and debit card processing, secure gateway processing, point of sale hardware, card terminals and business loans.
buyer: Australis Capital Inc. (CNSX:AUSA:$0.19)
Australis Capital (AUSA) operates and builds transformative, differentiated cannabis companies predominantly in the United States, a highly-regulated, fragmented, and rapidly expanding industry. AUSA adheres to stringent evaluation and operating criteria focusing on high-quality opportunities. "
target: Paytron
Paytron is a privately held omnichannel payment services provider. Paytron offers merchant services, including credit and debit card processing, secure gateway processing, point of sale hardware, card terminals and business loans.
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closed 1/17/2020 via BusinessWire

DNA Payments Limited, acquired Zash

synopsis: DNA Payments, a fintech payments company, has acquired Zash AB, a Swedish fintech company providing Point of Sale Software and Payments services to over 1000 clients in the UK, across EU, Latin America and Brazil.
buyer: DNA Payments Limited
DNA Payments is a London based fintech company offering full-scope payments services for SMEs. DNA’s team consists of highly proficient people who have worked with payment and banking systems for more than 20 years. "
target: Zash
Zash AB is a Swedish fintech company providing Point of Sale Software and Payments services to over 1000 clients in the UK, across EU, Latin America and Brazil.
price ($mm)
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closed 12/6/2019 via BNC Analysis

Pineapple Payments, acquired Paystri, Inc.

synopsis: Pineapple Payments, a US-based payments technology company, has acquired Paystri, a payment processing and strategic solutions company. Paystri is a specialist in integrated payments technology space.
buyer: Pineapple Payments
Pineapple Payments is a payments technology company that provides payment processing, proprietary technology, and omni-channel payment acceptance solutions for merchants of all shapes and sizes. Its core payment gateway and suite of value-added payments tools are distributed by resellers nationwide."
target: Paystri, Inc.
Paystri is a payment processing and strategic solutions company. They develop smart, strategic solutions designed specifically for their clients.
price ($mm)
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announced 11/18/2019 via BusinessWire

Elavon, will acquire Sage Pay Europe Limited

synopsis: Elavon, a global merchant acquirer, will acquire Sage Pay, the UK’s leading independent payment service provider. The acquisition is part of Elavon’s strategy to help its business customers grow as the global economy becomes more digital, and as businesses look to streamline their operations with software that includes payments capabilities.
buyer parent: U.S. Bancorp
buyer: Elavon
Elavon is a leading global payments company with more than 4,300 employees and operations in 10 countries. Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go. "
target parent: The Sage Group plc.
target: Sage Pay Europe Limited
Sage Pay is the UK’s leading independent payment service provider (PSP) and is one of the most trusted payment brands. Sage Pay makes the process of accepting payments online, over the phone, or in person simpler, faster, safer, and more profitable for businesses.
price ($mm)
$301
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/6/2019 via BNC Analysis

Wirecard AG, will acquire AllScore Payment Services

synopsis: Wirecard AG, the global leader in innovation for digital financial technology, will be acquiring AllScore Payment Services, a Beijing-based Payment Service Provider owning an attractive license portfolio and employing a dedicated team of more than 120 people.
buyer: Wirecard AG (XTRA:WDI:$3,048.73)
Wirecard is the global leader in innovation for digital financial technology. As one of the world’s fastest growing digital platforms in the area of financial commerce, it provides businesses and end customers alike with a constantly expanding ecosystem of real-time value-added services. "
target: AllScore Payment Services
Based in China, AllScore Payment Services, founded in 2007, is a Chinese Payment Service Provider owning an attractive license portfolio and employing a dedicated team of more than 120 people. Their products cover online banking payment, fast payment, scan code payment, collection and payment.
price ($mm)
$43*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/26/2019 via BNC Analysis

Globe Telecom, acquired Electronic Commerce Payments Inc.

synopsis: Globe Telecom is acquiring a majority stake in Electronic Commerce Payments Inc. (ECPay), the leading electronic payment service provider in the Philippines. ECPay operates as a secure electronic depot for Electronic Loading, Bill Payments, Airline Ticket Payments, Cash-in Service and Online Shopping Transaction Payments.
buyer: Globe Telecom (PSE:GLO:$3,376.68)
Globe Telecom is a leading full service telecommunications company in the Philippines, serving the needs of consumers and businesses across an entire suite of products and services including mobile, fixed, broadband, data connections, internet and managed services. "
target: Electronic Commerce Payments Inc.
Electronic Commerce Payments Inc. (ECPay) is the leading electronic payment service provider in the Philippines. ECPay operates as a secure electronic depot for Electronic Loading, Bill Payments, Airline Ticket Payments, Cash-in Service and Online Shopping Transaction Payments.
price ($mm)
$30*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/25/2019 via BusinessWire

NXGEN, acquired BluePay Canada

synopsis: NXGEN and Payscape, two premier payments companies recently backed by Parthenon Capital, announced their latest acquisition, BluePay Canada, formerly known as Caledon Computer Systems, Inc. BluePay is a leading provider of technology-enabled payment processing solutions designed to meet the unique needs of merchants throughout the US and Canada.
buyer parent: Parthenon Capital Partners
buyer: NXGEN
NXGEN International is the largest global merchant service provider serving over 13,000 merchants in multiple countries. Payscape is a premier financial technology company providing payment solutions to a network of more than 11,000 small and medium-sized merchants. "
target parent: Fiserv, Inc.
target: BluePay Canada
BluePay is a leading provider of technology-enabled payment processing solutions designed to meet the unique needs of merchants throughout the US and Canada. They offer efficient, cost-effective and secure payment solutions that scale and develop as merchants’ businesses grow.
price ($mm)
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closed 10/3/2019 via Yahoo, Inc.

Elavon, acquired Payius AB

synopsis: Elavon, a global payment processor for businesses across Europe and North America, is strengthening its presence in Europe by acquiring Payius, a Swedish company that enables, processes and monitors payment solutions on their own technology platform which sustains the highest security, legal and industry standards.
buyer parent: U.S. Bancorp
buyer: Elavon
Elavon is a leading global payments company with more than 4,300 employees and operations in 10 countries. Elavon provides businesses with the technology needed to accept payments from customers, whether they are shopping in stores, at home or on the go. "
target: Payius AB
Headquartered in Sweden, Payius is company that enables, processes and monitors payment solutions on their own technology platform which sustains the highest security, legal and industry standards. They run a consistent process of building technology the reflecting evolution in the payment sector.
price ($mm)
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closed 9/4/2019 via PR Newswire

Apis Partners, acquired Tutuka

synopsis: Apis Partners, a private equity asset manager that provides financial services and growth- oriented financial infrastructure providers in Africa and Asia, has acquired Tutuka, a third-party processor that makes payments happen by allowing customers to pay with Mastercard and Visa cards and products.
buyer: Apis Partners
Based in the UK, Apis Partners is a private equity asset manager that provides financial services and growth- oriented financial infrastructure providers in Africa and Asia with funding clean catalytic growth. "
target: Tutuka
Based in South Africa, Tutuka is a third-party processor that makes payments happen by allowing customers to pay with Mastercard and Visa cards and products. Tutuka gives financial technology players, mobile wallets, applications and banks in the ability to issue virtual and physical cards.
price ($mm)
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closed 8/14/2019 via BusinessWire

REPAY - Realtime Electronic Payments, acquired TriSource Solutions

synopsis: Repay, a leading provider of vertically-integrated payment solutions, announced the acquisition of TriSource Solutions, a company that provides back-end transaction processing services to independent sales organizations (“ISO’s”) and operates as a direct ISO on behalf of its owned portfolios and external sales agents.
buyer: REPAY - Realtime Electronic Payments (RPAY:$121.04)
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY's proprietary, integrated payment technology platform reduces the complexity of electronic payments for merchants, while enhancing the overall experience for consumers. "
target: TriSource Solutions
TriSource, founded in 2007, provides back-end transaction processing services to independent sales organizations (“ISO’s”) and operates as a direct ISO on behalf of its owned portfolios and external sales agents.
price ($mm)
$60
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 8/6/2019 via BusinessWire

MasterCard Incorporated, will purchase Corporate Services Businesses from Nets Holding A/S

synopsis: Mastercard announced it has entered into an agreement to acquire the majority of the Corporate Services businesses of Nets, a leading European PayTech company. The acquisition comprises the clearing and instant payment services, and e-billing solutions of Nets’ Corporate Services business.
buyer: MasterCard Incorporated (MA:$16,225.00)
MasterCard is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. "
seller: Nets Holding A/S
The deal includes the Corporate Services businesses of Nets, a leading European PayTech company. The acquisition comprises the clearing and instant payment services, and e-billing solutions of Nets’ Corporate Services business.
price ($mm)
$3,190
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/8/2020 via BNC Analysis

Harbour & Hills Financial Services Ltd., acquired Global Envoi Limited

synopsis: Harbour & Hills, a Hong Kong-based B2B payments service provider, has acquired a majority stake in Global Envoi, a payments processor based in Hong Kong. Global Envoi is a fintech company with a license from the Hong Kong Customs & Excise Department. It has strong capabilities in clearing payments to China.
buyer: Harbour & Hills Financial Services Ltd.
Harbour & Hills is a Hong Kong-based B2B payments service provider. Harbour & Hills offers cross-border payments services and smart FX solutions to corporations, businesses, financial institutions, marketplaces and other institutions worldwide. "
target: Global Envoi Limited
Global Envoi is a payments processor based in Hong Kong. Global Envoi is a fintech company with a license from the Hong Kong Customs & Excise Department. It has strong capabilities in clearing payments to China.
price ($mm)
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closed 4/8/2020 via BNC Analysis

Harbour & Hills Financial Services Ltd., acquired Global Envoi Limited

synopsis: Harbour & Hills, a Hong Kong-based B2B payments service provider, has acquired a majority stake in Global Envoi, a payments processor based in Hong Kong. Global Envoi is a fintech company with a license from the Hong Kong Customs & Excise Department. It has strong capabilities in clearing payments to China.
buyer: Harbour & Hills Financial Services Ltd.
Harbour & Hills is a Hong Kong-based B2B payments service provider. Harbour & Hills offers cross-border payments services and smart FX solutions to corporations, businesses, financial institutions, marketplaces and other institutions worldwide. "
target: Global Envoi Limited
Global Envoi is a payments processor based in Hong Kong. Global Envoi is a fintech company with a license from the Hong Kong Customs & Excise Department. It has strong capabilities in clearing payments to China.
price ($mm)
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closed 10/23/2019 via Company Press Release

Ebury, acquired Frontierpay

synopsis: Ebury, an award-winning fintech based in London, has acquired Frontierpay, a company that delivers cost effective and reliable payroll payments across 180 countries. Frontierpay provides clients with unrivalled access to over 140 currencies and the largest network of in-country payment processing in the industry.
buyer: Ebury
Ebury enables cross-border transactions for companies, institutions, and banks and their clients, that want to trade internationally. Established in London in 2010, Ebury is one of Europe’s largest and best funded fintech companies. "
target: Frontierpay
Frontierpay delivers cost effective and reliable payroll payments across 180 countries. Frontierpay is an FCA Authorized and Regulated Global Payments Specialist providing clients with unrivalled access to over 140 currencies and the largest network of in-country payment processing in the industry.
price ($mm)
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announced 9/18/2020 via BusinessWire

FleetCor Technologies, Inc., will acquire Associated Foreign Exchange

synopsis: FLEETCOR Technologies, Inc., a leading global business payments company, announced it has signed a definitive agreement to acquire Associated Foreign Exchange (AFEX), a cross-border payment solutions provider.
buyer: FleetCor Technologies, Inc. (FLT:$2,566.17)
FLEETCOR Technologies is a leading global provider of commercial payment solutions. The Company helps businesses of all sizes better control, simplify and secure payment of their fuel, toll, lodging and general payables. "
target: Associated Foreign Exchange
Associated Foreign Exchange delivers simple and seamless cross border payment solutions that help small-and medium-sized businesses (SMBs) break down currency barriers to grow internationally.
price ($mm)
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announced 1/15/2020 via Company Press Release

INTL FCStone Inc., will acquire Giroxx GmbH

synopsis: INTL FCStone Inc. announced that it has executed a sale and purchase agreement to acquire GIROXX GmbH in Frankfurt, Germany. Through its digital platform, GIROXX GmbH provides online payment and foreign exchange hedging services to small and medium sized enterprises (SME's) in Germany, Austria and Switzerland.
buyer: INTL FCStone Inc. (INTL:$37,434.30)
INTL FCStone Inc., through its subsidiaries, is a leading provider of execution, risk management and advisory services, market intelligence, and clearing services across asset classes and markets around the world. "
target: Giroxx GmbH
Through its digital platform, GIROXX GmbH provides online payment and foreign exchange hedging services to small and medium sized enterprises (SME's) in Germany, Austria and Switzerland.
price ($mm)
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closed 12/18/2019 via finextra.com

iBanFirst, acquired Forexfix

synopsis: iBanFirst, a global financial services provider, has acquired Forexfix, an online foreign-exchange platform in Germany. Forexfix provides easy, fast, and transparent international money transfers for small and medium-sized businesses. Their platform offers the most competitive rates for immediate and future foreign currency transfers.
buyer: iBanFirst
iBanFirst is a global financial services provider. iBanFirst offers an online platform that combines a full range of financial products and services with a modern and robust core banking infrastructure. Their platform enables businesses to simplify the management of all currency accounts. "
target: Forexfix
Forexfix is an online foreign-exchange platform in Germany. Forexfix provides easy, fast, and transparent international money transfers for small and medium-sized businesses. Their platform offers the most competitive rates for immediate and future foreign currency transfers.
price ($mm)
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closed 9/9/2019 via GlobeNewswire

Currency Exchange International, Corp., acquired eZforex.com

synopsis: Currency Exchange International (CXI), a full service foreign exchange technology and services provider, has acquired eZforex.com, a foreign currency and technology business that has wholesale banknote financial institution customers located throughout the US. The acquisition complements CXI’s existing client base and wholesale banknote operations.
buyer: Currency Exchange International, Corp. (TSX:CXI:$39.72)
Currency Exchange International (CXI) provides a range of foreign exchange technology and processing services. CXI offers products and services related to foreign currency exchange, as well as licensing of their proprietary FX software applications delivered on its web-based interface CEIFX. "
target: eZforex.com
eZforex.com provides foreign exchange services to banks, banker's banks, credit unions, and corporate credit unions using special state-of-the-art and innovative technology. eZforex maintains a management team with cross-industry experience in banking, foreign exchange, and technology.
price ($mm)[EV]
$4.25 [$3.25]
rev ($mm)
$2
EBITDA ($mm)
EV / rev
1.9x
EV / EBITDA
closed 8/20/2012 via BNC Analysis

Thomson Reuters, acquired FXall

synopsis: Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced that it has completed its acquisition of FXall, the leading multi-bank electronic foreign exchange platform.
buyer: Thomson Reuters (TRI:$5,921.00)
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. It combines industry expertise with innovative technology to deliver critical information to leading decision makers. "
target: FXall
FXall is the leading independent electronic foreign exchange platform, giving institutional clients a trading edge with choice of execution, end-to-end workflow management, and straight through processing.
price ($mm)[EV]
$626 [$557]
rev ($mm)
$123
EBITDA ($mm)
$47
EV / rev
5.0x
EV / EBITDA
13.1x
announced 1/4/2010 via PR Newswire

FXall, will purchase LavaFX from Lava Trading, Inc.

synopsis: FXall, the world's leading institutional multi-bank electronic foreign exchange platform, today announced an agreement to purchase LavaFX from Citi. The acquisition is the latest addition to FXall's offering as it continues its long established program of investment to create the best platform for clients.
buyer: FXall
FXall gives institutional clients an edge in foreign exchange trading as the leading independent electronic platform. They deliver the expertise, resources and commitment of a neutral platform with the broadest suite of FX trading solutions. "
seller parent: Citi
seller: Lava Trading, Inc.
Lava Technology offers high-performance trading products to the financial services industry. Their products are hosted solutions built to withstand peak volumes and volatile market conditions.
price ($mm)
$7.41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/28/2020 via BusinessWire

Guru Capital, will acquire ETX Capital

synopsis: Guru Capital, a Switzerland-based private equity firm, will acquire ETX Capital from JRJ Group, a leading international private equity investment firm. ETX Capital is a leading provider of financial spread betting, forex and CFDs in the UK. ETX Capital offers online trading services for forex, commodities, cryptocurrencies, shares, and indices.
buyer: Guru Capital
Guru Capital is a Switzerland-based private equity firm with specific experience in the CFD space. Guru Capital seeks investment opportunities with active companies in the EMEA and APAC regions whom have a special focus on FX & CFD. "
target parent: JRJ Group
target: ETX Capital
ETX Capital is a leading provider of financial spread betting, forex and CFDs in the UK. ETX Capital offers online trading services for forex, commodities, cryptocurrencies, shares, and indices. Their platform empowers traders to stay ahead of financial markets with advanced research tools.
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closed 9/8/2014 via BusinessWire

AFEX, acquired GFX Partners

synopsis: AFEX, one of the world’s largest non-bank providers of global payment and risk management solutions, announced the acquisition of GFX Partners, a payment and foreign exchange company headquartered in Toronto, Canada.
buyer: AFEX
AFEX is a leading global payment and risk management solutions provider that specializes in cross-border transactions and provides market expertise and unrivalled customer service for businesses and private clients. "
target: GFX Partners
GFX Partners is a payment and foreign exchange company headquartered in Toronto, Canada. GFX has the experience and knowledge to best assess their customer's international currency exchange needs and design appropriate solutions to reduce costs while protecting them against currency exchange risk.
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closed 7/1/2013 via PR Newswire

TradingPoint of Financial Instruments Ltd, acquired XeMarkets

synopsis: Trading Point of Financial Instruments Ltd has recently announced the successful acquisition of XM.COM. XM.COM is the short name of XEMarkets, the leading brand of Trading Point that offers an online environment with full trading functionality. Their advanced trading platforms and flexible trading conditions suit a diverse global clientele.
buyer: TradingPoint of Financial Instruments Ltd
Trading Point of Financial Instruments Limited is a European Union regulated financial institution, founded by market experts with extensive knowledge of the global forex and capital markets. They have offices in Cyprus and New Zealand "
target: XeMarkets
XM.COM (short name for XEMarkets) offers an online environment with full trading functionality. Their advanced trading platforms and flexible trading conditions suit a diverse global clientele, having 100% execution of orders and no-requotes policy as its distinctive features.
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closed 12/12/2012 via Bloomberg

Yahoo Japan Corporation, acquired CyberAgent FX Inc.

synopsis: Yahoo Japan Corp., owner of the nation's largest Web portal, acquired CyberAgent FX Inc. CyberAgent FX Inc. owns and operates a retail foreign exchange platform.
buyer parent: Softbank Corporation
buyer: Yahoo Japan Corporation (TSE:4689:$8,988.42)
Yahoo Japan Corporation is a Japan-based provider of Internet search services. The Company has three business segments. The Advertising segment provides banner advertising, text advertising, mail advertising and searching tracking advertising services. "
target parent: CyberAgent Inc.
target: CyberAgent FX Inc.
CyberAgent FX Inc. owns and operates a retail foreign exchange platform. The company was founded in 2003 and is based in Tokyo, Japan.
price ($mm)
$252
rev ($mm)
$103
EBITDA ($mm)
EV / rev
2.5x
EV / EBITDA
announced 1/30/2009 via Market Wire

Forex Capital Markets, LLC., will purchase U.S. retail forex business from Hotspot FXr, LLC

synopsis: Forex Capital Markets LLC announced it has reached an agreement to acquire certain assets of the U.S. retail forex business of Hotspot FXr LLC to further expand the deep liquidity offered via its Active Trader platform. Hotspot FXr's affiliate, Hotspot FXi LLC, will continue to offer its platform for institutional FX trading.
buyer: Forex Capital Markets, LLC. (GLBR:$417.32)
Forex Capital Markets LLC is one of the Largest Forex Dealer Members. More than 125,000 live accounts are traded on FXCM trading platforms. As of January 2009, an average of $500 billion in notional volume is traded each month on FXCM trading platform. "
seller parent: Knight Capital Group, Inc.
seller: Hotspot FXr, LLC
Hotspot FX was founded in 2000 by a group of foreign exchange market professionals. In 2001, the firm was registered to offer trading services to retail clients in the US. In 2002, the firm launched Hotspot FXi, the first institutional ECN with a prime broker-based credit structure.
price ($mm)
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announced 5/15/2007 via Company Press Release

SIS Group will be merged with SWX Swiss Exchange,

synopsis: The boards of directors of the SWX Group, SIS Group and Telekurs Group have signed a letter of intent to merge the three organisations. Within the framework of the contemplated merger, the business activities of all three companies are to be combined under one roof.
buyer: SWX Swiss Exchange
Swx Swiss Exchange is a stock exchange that offers integrated electronic trading, clearing, and settlement of securities. The exchange trades securities, investment and exchange traded funds (etf), bonds, eurobonds, and options. "
target: SIS Group
The SIS Group (SIS Swiss Financial Services Group AG) is, together with its four subsidiaries SIS SegaInterSettle AG, SIS x-clear AG, SAG SIS Aktienregister AG and SIS Systems AG, an innovative full service provider for international securities trading, clearing, settlement and custody.
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closed 1/21/2007 via Company Press Release

ODL Securities, purchased bestconnect from Dresdner Kleinwort Capital

synopsis: ODL Securities, the London-based equities, derivatives and FX trading house, has agreed the purchase of bestconnect, the leading UK retail service provider (RSP) electronic dealing service, from investment bank Dresdner Kleinwort.
buyer: ODL Securities
ODL Securities Limited (ODLS) commenced trading early in 1995. Initially it specialised in derivatives and equities but recently has seen significant growth in foreign exchange, equity CFDs, Corporate and Government bond trading and other over-the-counter (OTC) products. "
seller parent: Allianz Group
seller: Dresdner Kleinwort Capital
At Dresdner Kleinwort, we deliver the best solutions for our clients by creating a culture to think differently, to question convention, and - sometimes - make choices that surprise our peers. We are the investment bank of Dresdner Bank AG and a member of Allianz.
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closed 10/1/2006 via

Man Group plc, acquired Eurex US

synopsis: British hedge fund manager Man Group is buying a 70% stake in Eurex US, the struggling electronic futures market launched in Chicago in 2004, for $23.2 million in cash.
buyer: Man Group plc
Man Group plc is a leading global provider of alternative investment products and solutions as well as one of the world's largest futures brokers. The Group employs over 4,000 people in 16 countries, with key centres in London, Pfäffikon (Switzerland), Chicago, New York, Paris, Singapore and Sydney."
target parent: Eurex
target: Eurex US
Eurex US is a Chicago-based futures exchange with connection points across the globe, ensuring smooth, seamless trading access world-wide.
price ($mm)
$16*
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