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Announced

Completed

Broadridge Financial Solutions completed the acquisition of Itiviti from Nordic Capital for $2.5bn.

Financials

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Transaction Value£1,831m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales12x
EV/EBITDA25x
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Sweden

FinTech

Cross Border

Acquisition

trading technology

Majority

Private Equity

Friendly

Completed

Synopsis

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Broadridge Financial Solutions, a public corporate services company, completed the acquisition of Itiviti, a provider of trading and connectivity technology to the capital markets industry, from private equity firm Nordic Capital for $2.5bn. "The acquisition of Itiviti enhances Broadridge's position as a global Fintech leader. By extending our capabilities into the front office and deepening our multi-asset class solutions, Itiviti significantly strengthens our Capital Markets franchise and better enables Broadridge to help financial institutions adapt to a rapidly evolving marketplace. Itiviti's well-developed footprint in APAC and EMEA will increase our scale outside North America and strengthen our ability to serve our global clients," Tim Gokey, Broadridge CEO.

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