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Announced

Completed

State Street completed the acquisition of BestX.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Acquisition

Private

application software

Single Bidder

Majority

Software

United Kingdom

Friendly

Private Equity

Completed

Synopsis

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State Street, financial service and bank holding company, completed its acquisition of BestX, a provider of ML-led fintech software for data analytics and start-up. Financial terms were not disclosed. State Street’s acquisition of BestX will significantly enhance its end-to-end trading platform and data analytics client service offerings. “Technically brilliant and tactically astute, the Livingstone team looked after us every step of the way. They developed a deep understanding of our business and our market in a very short period of time, allowing them to offer invaluable advice. We are delighted with the outcome and grateful to them for their insight, expertise, and dedication,” Oliver Jerome, BestX Co-founder & Director.

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