Deutsche Börse and General Atlantic to acquire Axioma for $850m.

Deutsche Börse, a marketplace organizer for the trading of shares and other securities, and General Atlantic, a private equity firm, are to acquire Axioma, the leading provider of enterprise risk management, portfolio management, and regulatory reporting solutions, for $850m. Deutsche Boerse and General Atlantic will hold 78% and 19% in the company respectively, while the management will retain 3%. The combination will create a fully integrated, leading buy-side intelligence player that will provide unique products and analytics to meet the growing demand for an end-to-end platform. "This transaction is a step change for our pre-trading business and fully in line with our Roadmap 2020 strategy, which besides organic growth builds on programmatic M&A and new technologies. We are also excited about the partnership with General Atlantic and believe it will help to further accelerate growth of the combined business and to achieve strong value creation," Theodor Weimer, Deutsche Börse CEO.