Like Liquidnet, Inc.

announced 10/9/2020 via Market Watch

TP ICAP, will acquire Liquidnet, Inc.

synopsis: UK-based TP ICAP PLC will acquire Liquidnet Holdings Inc., an electronic trading network. The acquisition of Liquidnet is a transformational deal that will diversify TC ICAP's business mix and contribute to boosting revenue growth and underlying operating margin.
buyer: TP ICAP (LSE:TCAP:$2,398.01)
Headquartered in London, TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy, and commodities markets. TP ICAP provides comprehensive analysis and insight into market conditions and long-term trends. "
target: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network, connecting the world’s investors to the world’s investments. Its network spans 45 markets and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers.
price ($mm)
$575
rev ($mm)
$339
EBITDA ($mm)
$64
EV / rev
2.1x
EV / EBITDA
10.9x
announced 10/9/2020 via Market Watch

TP ICAP, will acquire Liquidnet, Inc.

synopsis: UK-based TP ICAP PLC will acquire Liquidnet Holdings Inc., an electronic trading network. The acquisition of Liquidnet is a transformational deal that will diversify TC ICAP's business mix and contribute to boosting revenue growth and underlying operating margin.
buyer: TP ICAP (LSE:TCAP:$2,398.01)
Headquartered in London, TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy, and commodities markets. TP ICAP provides comprehensive analysis and insight into market conditions and long-term trends. "
target: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network, connecting the world’s investors to the world’s investments. Its network spans 45 markets and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers.
price ($mm)
$575
rev ($mm)
$339
EBITDA ($mm)
$64
EV / rev
2.1x
EV / EBITDA
10.9x
closed 2/15/2007 via

INVESTools, Inc. merged with thinkorswim Group, Inc.,

synopsis: INVESTools Inc., the market leader in fulfilling the lifelong education needs of self-directed investors, and thinkorswim Group Inc., a leading online brokerage platform serving the execution needs of self-directed investors, have signed a definitive agreement to merge the two companies in a transaction valued at approximately $340 million.
buyer: thinkorswim Group, Inc. (:$0.00)
thinkorswim is a leading online brokerage company specializing in options that also offers customers a broad range of products including equities, futures, mutual funds, and bonds. "
target: INVESTools, Inc.
INVESTools Inc. is a global leader in investor education. The Company offers a full range of investor education products and services that provide lifelong learning in a variety of delivery formats.
price ($mm)
$340
rev ($mm)
$45
EBITDA ($mm)
EV / rev
7.5x
EV / EBITDA
closed 6/11/2009 via BusinessWire

TD Ameritrade Holding Corporation, acquired thinkorswim, Inc.

synopsis: TD Ameritrade Holding Corporation announced that it has completed the acquisition of thinkorswim Group Inc. This combination enhances TD AMERITRADE’s industry leadership position, solidifying its #1 market share in trades per day and making the firm the new industry leader in the number of options trades placed each day.
buyer: TD Ameritrade Holding Corporation (AMTD:$5,872.00)
TD AMERITRADE Holding Corporation, through its brokerage subsidiaries, provides a dynamic balance of investment products and services that make it the investment firm of choice for millions of retail investor and independent registered investment advisor (RIA) clients. "
target: thinkorswim, Inc.
thinkorswim is a leading online brokerage company specializing in options that also offers customers a broad range of products including equities, futures, mutual funds, and bonds.
price ($mm)[EV]
$581 [$593]
rev ($mm)
$372
EBITDA ($mm)
$104
EV / rev
1.6x
EV / EBITDA
5.7x
announced 8/6/2018 via Company Press Release

AxiCorp, will acquire One Financial Markets

synopsis: Australian-owned Forex (FX) and Contracts For Difference (CFD) trading provider AxiCorp has announced that it will acquire UK-headquartered One Financial Markets (OFM). OFM is an award-winning global online broker providing trading facilities for retail and institutional investors.
buyer: AxiCorp
AxiCorp is a leading global provider of margin and deliverable Foreign Exchange, Contracts For Difference (CFDs) and Financial Spread betting. Their major brands are AxiTrader, AxiPrime, AxiSelect and AxiForex. They offer fully regulated Retail and Institutional trading. "
target parent: KBBO Group
target: One Financial Markets
One Financial Markets is a global, award winning, online broker providing 24/5 trading facilities to retail and institutional investors in forex and CFDs on indices, commodities, energies, bonds and futures.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 9/14/2016 via PR Newswire

GCM Prime, purchased Institutional Clients Book from CapMar Financial

synopsis: GCM Prime has just closed a deal to acquire the customer books and certain assets of Capital Market Services UK Ltd (CMS), an FXP International Ltd wholly-owned subsidiary. The acquired business unit focuses on providing institutional clients foreign exchange and CFD offerings and technology solutions.
buyer: GCM Prime
GCM Prime understands that trade optimization requires a comprehensive focus on front, middle and back office support. With decades of experience in managing FX liquidity relationships, their prime brokerage specialists deliver solutions for every trading challenge. "
seller parent: Prime Mantle Corporation PLC
seller: CapMar Financial
Capital Market Services UK Ltdl's institutional clients book focuses on providing institutional clients foreign exchange and CFD offerings and technology solutions. Capital Market Services UK Ltd focuses exclusively in the institutional space with “prime of prime” and White Label offerings.
price ($mm)
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EV / rev
EV / EBITDA
announced 8/25/2016 via PR Newswire

BGC Partners L.P., will acquire Perimeter Markets Inc.

synopsis: BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets, announced that BGC has entered into an agreement to acquire Perimeter Markets Inc. Perimeter Markets is an independent provider of electronic fixed income and futures trading in Canada, through its CBID platforms.
buyer: BGC Partners L.P. (BGCP:$2,554.99)
BGC Partners is a leading global brokerage company servicing the financial and real estate markets. Financial Services offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. "
target: Perimeter Markets Inc.
Perimeter Markets Inc. develops and operates alternative marketplaces for trading Canadian fixed income products. Their fast and efficient electronic markets support the best execution needs of investors.
price ($mm)
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closed 12/10/2014 via PR Newswire

Prime Mantle Corporation PLC, acquired CapMar Financial

synopsis: Prime Mantle Corporation PLC ("PMC") has acquired CapMar Financial. CapMar Financial focuses exclusively in the institutional space with “prime of prime” and White Label offerings. CapMar Financial was originally launched as Capital Market Services in 1999 and became an industry leading brokerage firm in the retail over-the-counter Forex market.
buyer: Prime Mantle Corporation PLC
Prime Mantle is an Irish holding company whose companies include FXPRIMUS. FXPRIMUS offers trading in over 150 instruments including Spot FX, Metals, Commodities, & Global Equity CFD's. FXPRIMUS is the first retail Forex brokerage to offer a Trust account option regardless of account size. "
target: CapMar Financial
CapMar Financial focuses exclusively in the institutional space with “prime of prime” and White Label offerings. CapMar Financial was originally launched as Capital Market Services in 1999 and became an industry leading brokerage firm in the retail over-the-counter Forex market.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/25/2019 via BNC Analysis

The Charles Schwab Corporation, will acquire TD Ameritrade Holding Corporation

synopsis: Charles Schwab is to buy discount brokerage rival TD Ameritrade in an all-stock deal valued at $26 billion. TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments.
buyer: The Charles Schwab Corporation (SCHW:$10,615.00)
The Charles Schwab Corporation is a leading provider of financial services. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. "
target: TD Ameritrade Holding Corporation (AMTD:$5,872.00)
TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments.
price ($mm)
$26,000
rev ($mm)
$5,872
EBITDA ($mm)
EV / rev
4.4x
EV / EBITDA
announced 12/19/2018 via Reuters

Saxo Bank, will acquire BinckBank

synopsis: Saxo Bank, a fintech specialist, is to acquire Dutch online bank BinckBank. BinckBank operates as an online bank for investors and savers by offering online financial services provided by its central European IT platform.
buyer: Saxo Bank
The Saxo Group is a fintech specialist, and they provide multi-asset market access and Banking as a Service to clients in 180 countries via cutting-edge technology. They are based in Copenhagen. "
target: BinckBank (:$186.53)
BinckBank is the largest independent Dutch online bank for investors. BinckBank operates as an online bank for investors and savers by offering online financial services provided by its central European IT platform.
price ($mm)
$482
rev ($mm)
$187
EBITDA ($mm)
EV / rev
2.6x
EV / EBITDA
closed 9/2/2014 via PR Newswire

tradeMONSTER merged with Options House,

synopsis: OptionsHouse LLC, L.P. and tradeMONSTER Group, Inc., two innovative, Chicago-based leaders in the online brokerage sector, announced the completion of the previously announced transactions to combine the two companies, creating a market leading brokerage for active traders and investors, pending final regulatory approval.
buyer parent: PEAK6 Investments LP
buyer: Options House
At OptionsHouse, their mission is to provide savvy investors in options and stock the power and functionality of traditional software-based trading tools with the portability of an online trading platform through the extensive use of leading edge web technologies. "
target: tradeMONSTER
tradeMONSTER™ is an innovative online brokerage that helps self−directed investors manage their money with the skill and confidence of professionals.
price ($mm)
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closed 10/1/2007 via

Scotiabank, acquired TradeFreedom

synopsis: Scotiabank signed a definitive agreement to acquire TradeFreedom Securities Inc., a privately owned and dynamic Canadian online brokerage boutique. The transaction complements product offerings currently available through the Bank's direct investment arm, ScotiaMcLeod Direct Investing.
buyer: Scotiabank (TSX:BNS:$14,975.30)
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 58,000 employees, Scotiabank Group and its affiliates serve approximately 12 million customers in some 50 countries around the world. "
target: TradeFreedom
TradeFreedom Securities Inc. is Canada's premier online broker for active traders and investors. Since 1999, we have been providing sophisticated online brokerage services, including instant direct access to equities, options, futures, and forex, through better technology at a better price.
price ($mm)
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closed 9/12/2016 via BusinessWire

E-Trade Financial Corp., acquired OptionsHouse

synopsis: E*TRADE Financial Corporation announced that it completed the acquisition of Aperture New Holdings, Inc., the ultimate parent company of OptionsHouse. OptionsHouse is an online broker and value leader dedicated to active traders. OptionsHouse offers advanced trading technology, a full-suite of investment products including equities and futures.
buyer: E-Trade Financial Corp. (ETFC:$2,937.00)
E*TRADE Financial and its subsidiaries provide financial services including online brokerage and related banking products and services to retail investors. Securities products and services are offered by E*TRADE Securities. Bank products and services are offered by E*TRADE Bank or its subsidiaries. "
target: OptionsHouse
OptionsHouse is an online broker and value leader dedicated to active traders. OptionsHouse offers advanced trading technology, a full-suite of investment products including equities and futures, and first class customer service to all online traders.
price ($mm)
$725
rev ($mm)
$104
EBITDA ($mm)
EV / rev
7.0x
EV / EBITDA
closed 5/13/2020 via BNC Analysis

TradeFloor Pty Ltd, acquired OpenMarkets

synopsis: Software developer TradeFloor has acquired a controlling stake in OpenMarkets, a digital trading platform that provides retail investors, traders, advisers, robo-advisers, brokers and financial intermediaries with a suite of innovative brokerage services for trading on the Australian securities markets.
buyer: TradeFloor Pty Ltd
TradeFloor is a must-have application for anyone who trades (or is thinking about trading) Exchange-Traded Options in Australia. They are striving to make options accessible to everyone, regardless of trading knowledge, and provide valuable insights into the risk and reward of trading strategies. "
target: OpenMarkets
OpenMarkets is a digital trading platform that provides retail investors, traders, advisers, robo-advisers, brokers and financial intermediaries with a suite of innovative brokerage services for trading on the Australian securities markets.
price ($mm)
rev ($mm)
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closed 5/8/2020 via BusinessWire

The Charles Schwab Corporation, acquired Motif Investing, Inc.

synopsis: The Charles Schwab Corporation announced that it has completed the acquisition of the technology and intellectual property of Motif, a next-generation online broker offering thematic investing to individual and institutional investors.
buyer: The Charles Schwab Corporation (SCHW:$10,615.00)
The Charles Schwab Corporation is a leading provider of financial services. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. "
target: Motif Investing, Inc.
Motif is a next-generation online broker offering thematic investing to individual and institutional investors. They are a fintech pioneer that has combined breakthrough technology and data science to deliver customized thematic portfolios to investors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 12/18/2019 via BNC Analysis

Flatex, will acquire DEGIRO B.V.

synopsis: flatex Bank AG, a leading online brokerage business in Europe, will acquire DEGIRO BV, one of the fastest growing online brokers in Europe. DEGIRO provides affordable, custom-made financial services for investors worldwide. Their intuitive platform accommodates all styles of investing, and offers a large number of financial instruments and markets.
buyer: Flatex (DB:FLA:$132.15)
Flatex is a leading online brokerage business in Europe. Flatex provides an affordable and mobile online broker-platform with expert service and advice. Flatex offers trading in all common securities such as shares, funds and ETFs in exchange and over-the-counter trading. "
target: DEGIRO B.V.
DEGIRO is one of the fastest growing online brokers in Europe. DEGIRO provides affordable, custom-made financial services for investors worldwide. Their intuitive platform accommodates all styles of investing, and offers a large number of financial instruments and markets.
price ($mm)
$279
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/20/2019 via BNC Analysis

Lynx Vermogensbeheer BV, acquired TradersOnly BV

synopsis: LYNX, a Dutch specialist in online investing, has acquired TradersOnly, the number 1 online broker for active investors in the Netherlands. TradersOnly's advanced trading platform provides investors with real-time prices and relevant information. TradeOnly allows users to easily trade shares in 19 different countries and 63 different exchanges.
buyer: Lynx Vermogensbeheer BV
LYNX is a Dutch specialist in online investing. LYNX provides investors with access to more than 100 exchanges in 20 countries through its user-friendly trading platform. The company was founded in 2006 and has been active on the Dutch market since 2007. "
target: TradersOnly BV
TradersOnly is the number 1 online broker for active investors in the Netherlands. TradersOnly's advanced trading platform provides investors with real-time prices and relevant information. TradeOnly allows users to easily trade shares in 19 different countries and 63 different exchanges.
price ($mm)
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closed 3/28/2018 via Company Press Release

Mohamed Radwan & Omar Radwan, acquired Arab Finance Brokerage Company

synopsis: Arab Finance Brokerage Co. announced a group of investors finalized the acquisition of 100% of Arab Finance. Among the new shareholders, were market experts Mohamed Radwan, Ex-Board member In Pharos Securities and Omar Radwan. Arab Finance is one of the most prestigious and well-known news websites in the financial sector.
buyer: Mohamed Radwan & Omar Radwan
Mohamed Radwan is the Ex-Board member In Pharos Securities and Omar Radwan is the former Head of Asset Management in HC Securities & Investment. "
target: Arab Finance Brokerage Company
Arab Finance is one of the most prestigious and well-known news websites in the financial sector. Arab Finance has one of the oldest news portal covering the Egyptian EGX and macroeconomic news. In addition, Arab Finance also provides its services as a brokerage house specialized in online trading.
price ($mm)
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closed 6/1/2016 via PR Newswire

Ally, acquired TradeKing

synopsis: Ally Financial Inc., one of the world's largest automotive financial services companies, announced that it has acquired TradeKing Group, Inc., a digital wealth management company. TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States.
buyer: Ally (ALLY:$6,378.00)
Ally Financial Inc. is one of the world's largest automotive financial services companies. The company offers a full suite of automotive financing products and services in key markets around the world. "
target: TradeKing
TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States. It offers online trading services in the areas of options, stocks, exchange traded funds, mutual funds, fixed incomes, and foreign exchange funds.
price ($mm)
$275
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/18/2015 via BusinessWire

TradeKing, acquired MB Trading Holdings, LLC

synopsis: TradeKing Group, Inc., an innovator in online brokerage, today announced that its acquisition of MB Trading has officially closed. With the addition of MB Trading’s renowned trading platform, TradeKing now offers a powerful, active trading experience for the most seasoned traders.
buyer: TradeKing
TradeKing Group, Inc. provides online brokerage services for independent self-directed investors in the United States. It offers online trading services in the areas of options, stocks, exchange traded funds, mutual funds, fixed incomes, and foreign exchange funds. "
target: MB Trading Holdings, LLC
MB Trading is a direct access brokerage firm that develops and markets direct access trading technology to online investors, institutions, and qualified destinations. Using a proprietary order routing system, the company allows investors to trade directly to the NASDAQ, NYSE and AMEX markets.
price ($mm)
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announced 10/9/2020 via Market Watch

TP ICAP, will acquire Liquidnet, Inc.

synopsis: UK-based TP ICAP PLC will acquire Liquidnet Holdings Inc., an electronic trading network. The acquisition of Liquidnet is a transformational deal that will diversify TC ICAP's business mix and contribute to boosting revenue growth and underlying operating margin.
buyer: TP ICAP (LSE:TCAP:$2,398.01)
Headquartered in London, TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy, and commodities markets. TP ICAP provides comprehensive analysis and insight into market conditions and long-term trends. "
target: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network, connecting the world’s investors to the world’s investments. Its network spans 45 markets and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers.
price ($mm)
$575
rev ($mm)
$339
EBITDA ($mm)
$64
EV / rev
2.1x
EV / EBITDA
10.9x
announced 10/9/2020 via Market Watch

TP ICAP, will acquire Liquidnet, Inc.

synopsis: UK-based TP ICAP PLC will acquire Liquidnet Holdings Inc., an electronic trading network. The acquisition of Liquidnet is a transformational deal that will diversify TC ICAP's business mix and contribute to boosting revenue growth and underlying operating margin.
buyer: TP ICAP (LSE:TCAP:$2,398.01)
Headquartered in London, TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy, and commodities markets. TP ICAP provides comprehensive analysis and insight into market conditions and long-term trends. "
target: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network, connecting the world’s investors to the world’s investments. Its network spans 45 markets and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers.
price ($mm)
$575
rev ($mm)
$339
EBITDA ($mm)
$64
EV / rev
2.1x
EV / EBITDA
10.9x
closed 6/5/2019 via BusinessWire

Liquidnet, Inc., acquired Prattle Analytics, LLC

synopsis: Liquidnet has acquired Prattle, a provider of automated investment research solutions for portfolio managers, research analysts, and other financial professionals. Prattle's proprietary Natural Language Processing and Machine Learning system produces analytics that measure sentiment and predict the market impact of publicly available content.
buyer: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network. Liquidnet's network spans 46 markets across six continents and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers. "
target: Prattle Analytics, LLC
Prattle provides automated investment research solutions for portfolio managers and other financial professionals. Prattle's proprietary Natural Language Processing and Machine Learning system produces analytics that measure sentiment and predict the market impact of publicly available content.
price ($mm)
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closed 5/13/2019 via BusinessWire

Liquidnet, Inc., acquired RSRCHXchange

synopsis: Liquidnet announced that it has acquired RSRCHXchange, a leading marketplace and aggregator for institutional research. RSRCHXchange’s research marketplace and distribution network digitizes massive amounts of content and provides a centralized, cloud-based hub that allows providers to deliver research, and asset managers to efficiently source it.
buyer: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network. Liquidnet's network spans 46 markets across six continents and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers. "
target: RSRCHXchange
RSRCHXchange is the award-winning marketplace and aggregator for institutional research. The RSRCHX platform enables asset management firms to read, purchase and monitor research and analyst interactions from banks, brokers & boutique providers in a more efficient and transparent way.
price ($mm)
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closed 5/17/2017 via BusinessWire

Liquidnet, Inc., acquired OTAS Technologies

synopsis: Liquidnet, the global institutional trading network, announced its acquisition of OTAS Technologies, a market-leading analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers.
buyer: Liquidnet, Inc.
Liquidnet is the global institutional trading network where more than 850 of the world’s top asset managers and other like-minded investors come to execute their large trades with maximum anonymity and minimum market impact. "
target: OTAS Technologies
OTAS Technologies is a market-leading analytics platform that delivers actionable market intelligence and context directly to institutional traders and portfolio managers. OTAS Analytics provides customers pre-trade and intraday analyse on 15000 +stocks worldwide.
price ($mm)
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closed 4/18/2007 via

Liquidnet, Inc., acquired Miletus Trading, LLC

synopsis: Liquidnet, the #1 electronic global marketplace for block trading, has signed a definitive agreement to acquire Miletus Trading, a leading agency-only brokerage firm that provides advanced, quantitative execution strategies and analytics to institutional investors.
buyer: Liquidnet, Inc.
Liquidnet allows money management institutions to trade large blocks of equities directly and anonymously with significant price improvement and little-to-no market impact. Liquidnet enables its Members to trade in 20 equity markets globally. "
target: Miletus Trading, LLC
New York-based Miletus Trading is a leader in quantitative execution technology. The agency-only broker was founded on the belief that buy-side traders and portfolio managers need more efficient and effective ways to employ real-time quantitative execution strategies.
price ($mm)
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announced 10/9/2020 via Market Watch

TP ICAP, will acquire Liquidnet, Inc.

synopsis: UK-based TP ICAP PLC will acquire Liquidnet Holdings Inc., an electronic trading network. The acquisition of Liquidnet is a transformational deal that will diversify TC ICAP's business mix and contribute to boosting revenue growth and underlying operating margin.
buyer: TP ICAP (LSE:TCAP:$2,398.01)
Headquartered in London, TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy, and commodities markets. TP ICAP provides comprehensive analysis and insight into market conditions and long-term trends. "
target: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network, connecting the world’s investors to the world’s investments. Its network spans 45 markets and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers.
price ($mm)
$575
rev ($mm)
$339
EBITDA ($mm)
$64
EV / rev
2.1x
EV / EBITDA
10.9x
announced 10/9/2020 via Market Watch

TP ICAP, will acquire Liquidnet, Inc.

synopsis: UK-based TP ICAP PLC will acquire Liquidnet Holdings Inc., an electronic trading network. The acquisition of Liquidnet is a transformational deal that will diversify TC ICAP's business mix and contribute to boosting revenue growth and underlying operating margin.
buyer: TP ICAP (LSE:TCAP:$2,398.01)
Headquartered in London, TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy, and commodities markets. TP ICAP provides comprehensive analysis and insight into market conditions and long-term trends. "
target: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network, connecting the world’s investors to the world’s investments. Its network spans 45 markets and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers.
price ($mm)
$575
rev ($mm)
$339
EBITDA ($mm)
$64
EV / rev
2.1x
EV / EBITDA
10.9x
closed 2/12/2020 via PR Newswire

TRG Screen, acquired Market Data Insights LLC

synopsis: TRG Screen, the leading provider of enterprise subscription spend management solutions, has acquired Market Data Insights (MDI), a leading provider of market data managed services. The acquisition of MDI will further solidify TRG Screen's position as a global market leader of market data management solutions.
buyer parent: Polaris Partners
buyer: TRG Screen
TRG Screen is the leading provider of enterprise subscription management solutions. TRG Screen is uniquely differentiated by its ability to monitor both spend and usage of data and information services including market data, research, software licenses, consulting and other corporate expenses. "
target: Market Data Insights LLC
Market Data Insights (MDI) provides dynamic data management programs to financial firms on an outsourced basis, either delivered on the client's inventory system or as a professionally managed solution.
price ($mm)
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closed 1/18/2018 via PR Newswire

The Roberts Group, acquired Screen Group

synopsis: TRG, (The Roberts Group) the leading provider of subscription spend management software solutions, announced it has acquired Screen Group, a world leading market data software company that assists business professionals in managing their market data costs, processes and workflows more efficiently.
buyer parent: Polaris Partners
buyer: The Roberts Group
The Roberts Group (TRG) provides spend management solutions enabling enterprises to gain total cost transparency and control of their entire universe of corporate subscriptions and vendor relationships. "
target: Screen Group
Screen Group is a world leading market data software company that assists financial services professionals in managing their market data costs, processes and workflows more efficiently. At the foundation of the company Screen built a unique Market Data and Investment Management consultancy practice.
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closed 10/12/2016 via Company Press Release

Embark Group, acquired The Adviser Centre

synopsis: Embark Group has acquired The Adviser Centre, the award-winning online investment research and consultancy service, from City Financial. The Adviser Centre provides a wealth of information including one-page fund factsheets, Bulletins, Guidance notes, IA Sector Overviews, market views and blogs.
buyer: Embark Group
Embark Group is committed to acquiring, holding and developing for the long term, a range of financial services’ businesses in the UK and internationally. They have experience in developing businesses by providing access to the latest online technology and financial capital to help them grow. "
target parent: City Financial Investment Company Limited
target: The Adviser Centre
The Adviser Centre is an online, free-to-air research and consultancy service, designed for financial advisers. Their service features impartial fund research, IA Sector Overviews, regular commentaries and more.
price ($mm)
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announced 7/17/2019 via Market Watch

Equistone Partners Europe, will acquire Moody's Analytics Knowledge Services

synopsis: Moody's Corp. has agreed to sell its Moody's Analytics Knowledge Services business to Equistone Partners Europe Ltd, a private-equity firm. Moody’s Analytics Knowledge Services is a leading provider of high-value research, analytics and business intelligence to the financial services sector. They are based in London, UK.
buyer: Equistone Partners Europe
Equistone Partners Europe is an independent investment firm that invests as a strategic partner alongside management teams. In each of their markets they look for strong businesses with the potential to grow, supported by their capital and guided by their experience. "
target parent: Moody's Corporation
target: Moody's Analytics Knowledge Services
Based in London, UK, Moody’s Analytics Knowledge Services is a leading provider of high-value research, analytics and business intelligence to the financial services sector.
price ($mm)
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announced 4/11/2018 via BNC Analysis

NorthStar Financial Services Group, LLC, will acquire FTJ FundChoice, LLC

synopsis: NorthStar Financial Services plans to acquire FTJ FundChoice, a turnkey asset management program with $10 billion in assets under administration. FTJ FundChoice is a turnkey asset management provider offering technology-enabled asset management and back office administrative services.
buyer parent: TA Associates
buyer: NorthStar Financial Services Group, LLC
NorthStar is a holding company for several subsidiaries. Each company offers unique services within the financial industry, including asset management, comprehensive fund services, portfolio accounting, fund distribution, and compliance. "
target parent: Seaport Capital
target: FTJ FundChoice, LLC
FTJ FundChoice is a turnkey asset management provider offering technology-enabled asset management and back office administrative services, including trade management and reconciliation, portfolio modeling, record keeping, performance reporting, fee billing, and web-based account services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like Liquidnet, Inc.


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Liquidnet, Inc.

Liquidnet, Inc.

INVESTools, Inc.

thinkorswim, Inc.

One Financial Markets

CapMar Financial

Perimeter Markets Inc.

CapMar Financial

TD Ameritrade Holding Corporation

BinckBank

tradeMONSTER

TradeFreedom

OptionsHouse

OpenMarkets

Motif Investing, Inc.

DEGIRO B.V.

TradersOnly BV

Arab Finance Brokerage Company

TradeKing

MB Trading Holdings, LLC

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Liquidnet, Inc.

Liquidnet, Inc.

Prattle Analytics, LLC

RSRCHXchange

OTAS Technologies

Miletus Trading, LLC

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Liquidnet, Inc.

Liquidnet, Inc.

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Market Data Insights LLC

Screen Group

The Adviser Centre

Moody's Analytics Knowledge Services

FTJ FundChoice, LLC

Geography
Matching Companies
Ticker: AMTD
 
 
 
 
 
 
 
 
TD Ameritrade Holding Corporation
TD Ameritrade Holding Corporation
TD Ameritrade is a broker that offers an electronic trading platform for the trade of financial assets including common stocks, preferred stocks, futures contracts, exchange-traded funds, options, cryptocurrency, mutual funds, and fixed income investments.
year
2019
rev ($mm)
$5,872.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$2,208.00
Employees
9226
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Ticker: DB:FLA
 
 
 
 
 
 
 
 
Flatex
Flatex is a leading online brokerage business in Europe. Flatex provides an affordable and mobile online broker-platform with expert service and advice. Flatex offers trading in all common securities such as shares, funds and ETFs in exchange and over-the-counter trading.
year
2019
rev ($mm)
$132.15
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$22.59
Employees
524
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Ticker: IBKR
 
 
 
 
 
 
 
 
Interactive Brokers Group
Interactive Brokers Group
Interactive Brokers Group, together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-art trading technology, superior execution capabilities, worldwide electronic access, and more.
year
2015
rev ($mm)
$1,045.51
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$12.53
Employees
960
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Ticker: GCAP
 
 
 
 
 
 
 
 
GAIN Capital Holdings, Inc.
GAIN Capital Holdings, Inc.
GAIN Capital Holdings provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities.
year
2019
rev ($mm)
$213.30
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
638
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Ticker: MF
 
 
 
 
 
 
 
 
MF Global Holdings Ltd
MF Global Holdings Ltd
MF Global is one of the world’s leading brokers of commodities and listed derivatives. The firm delivers trading and hedging solutions as a broker-dealer across all major markets for futures and options, commodities, fixed income, equities and foreign exchange.
year
2011
rev ($mm)
$2,233.57
EBITDA ($mm)
$69.91
EBIT ($mm)
$25.47
Net Income ($mm)
Employees
2847
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Ticker: MISX:OFCB
 
 
 
 
 
 
 
 
Otkritie Financial Corporation Ltd.
Otkritie Financial Corporation Ltd.
OTKRITIE Financial Corporation Ltd. is one of Russia’s leading banking groups which offers its clients and partners the full array of investment banking, commercial banking, brokerage and investment management services.
year
2017
rev ($mm)
$855.02
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$33.30
Employees
15135
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Ticker: BSE:512165
 
 
 
 
 
 
 
 
ABans Enterprises
ABans Enterprises
ABans Enterprises is an Indian company engaged in the business of trading, processing, broking and consulting in all kind of commodities. ABans is in the business of trading in agriculture commodities, precious metals, shares, currencies, and derivatives of all kind in electronic exchanges.
year
2019
rev ($mm)
$216.80
EBITDA ($mm)
$2.15
EBIT ($mm)
$2.06
Net Income ($mm)
$2.08
Employees
5
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Ticker: LSE:TCAP
 
 
 
 
 
 
 
 
TP ICAP
TP ICAP
Headquartered in London, TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy, and commodities markets. TP ICAP provides comprehensive analysis and insight into market conditions and long-term trends.
year
2020
rev ($mm)
$2,398.01
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
$71.37
Employees
4898
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