Announced
Completed
Financials
Tags
it services
trading software
United Kingdom
Public
Completed
Acquisition
Friendly
Later Bidder Won
FinTech
Cross Border
Majority
Synopsis
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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