Announced
Completed
Financials
Tags
financial technology
Cross Border
Friendly
Financial Data and Systems
Private
Completed
Acquisition
Private Equity
Majority
Australia
capital markets
Single Bidder
Synopsis
FNZ, a financial services company, completed the acquisition of the capital markets division of GBST, a developer of financial technology and administration and provider of related services, from Anchorage Capital, an Australian private equity firm. Financial terms were not disclosed. “We’re delighted to complete this transaction and are excited about the significant opportunities for FNZ to expand our global capabilities and presence in listed securities trading and post-trade processing. FNZ was attracted to the GBST capital markets business because of its highly skilled and talented people, its well-established range of products and its deep relationships with major financial institutions across the world," Scott Webster, FNZ Managing Director.
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