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New Deal


Announced

Completed

Ion Investment Group acquired Fidessa for £1.4bn.

Financials

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Transaction Value£1,440m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales4.1x
EV/EBITDA16.5x
Share Price Premium50%
One Off Charge-

Tags

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it services

trading software

United Kingdom

Public

Completed

Acquisition

Friendly

Later Bidder Won

FinTech

Cross Border

Majority

Synopsis

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Ion Investment Group, a holding company formed to acquire and consolidate financial technology companies, acquired Fidessa, a British-headquartered company which provides software and services, such as trading and investment management systems, analytics and market data, for £1.4bn. Temenos had offered £35.67 a share in cash, plus the 79.7p dividend, for Fidessa. The Ion offer represents a near-50% premium to Fidessa’s share price before Temenos’s interest became public.

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