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New Deal


Announced

Galaxy Digital failed to acquire BitGo from Jump Capital for $1.2bn.

Financials

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Transaction Value£1,021m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

Private

Single Bidder

Majority

United States

e-commerce

Acquisition

Private Equity

Domestic

Friendly

Failed

Synopsis

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Galaxy Digital, a diversified financial services and investment management company, failed to acquire BitGo, a digital asset financial services provider, from Jump Capital, a private equity firm, for $1.2bn. “Galaxy remains positioned for success and to take advantage of strategic opportunities to grow in a sustainable manner. We are committed to continuing our process to list in the U.S. and providing our clients with a prime solution that truly makes Galaxy a one-stop shop for institutions,” Mike Novogratz, Galaxy Digital CEO and Founder.

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