Announced
Financials
Sources
Tags
Diversified Financials
risk management
United Kingdom
Majority
Pending
Single Bidder
Acquisition
Domestic
Friendly
Private
Private Equity
Synopsis
London Stock Exchange Group agreed to acquire Quantile, a provider of portfolio, margin and capital optimisation and compression services, from Spectrum Equity Investors for £274m. The acquisition is expected to close in 2022, subject to antitrust and other regulatory approvals. “I am delighted with this agreement to become part of LSEG. Quantile and LSEG share many of the same values, including a culture of innovation and a focus on delivering market leading services. I look forward to working with Daniel and the team to accelerate our growth and to continue to deliver efficiencies and portfolio optimisation for our customers and the wider OTC derivatives marketplace,” Andrew Williams, Quantile CEO. On Septemeber 9, 2022, LSEG takeover of Quantile gets provisional approval from UK watchdog.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.