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New Deal


Announced

Hg Capital-backed smartTrade to acquire TickTrade.

Financials

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

Tags

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Canada

Friendly

Private Equity

Pending

software development

Single Bidder

Private

Cross Border

Majority

Software

Acquisition

Synopsis

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Hg Capital-backed smartTrade, a provider of multi-asset electronic trading solutions, agreed to acquire TickTrade, a Toronto-based technology firm providing next-generation FX trading and payments SaaS solutions. Financial terms were not disclosed. "For both smartTrade and TickTrade customers, the combination is extremely compelling. It brings two industry-leading technologies together – one complementing the other, creating a unique breadth and depth of product capabilities," David Vincent, smartTrade Group CEO and Co-Founder.

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