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Announced

Completed

Bakkt completed the acquisition of Apex Crypto from Apex Fintech Solutions for $200m.

Financials

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Transaction Value£178m
Consideration TypeCash, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

crypto trading

Majority

Domestic

Single Bidder

United States

Digital Services

Acquisition

cryptocurrencies

Friendly

Completed

Synopsis

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Bakkt, a digital asset platform, completed the acquisition of Apex Crypto, a cryptocurrency exchange and investment platform, from Apex Fintech Solutions, a fintech company, for $200m. “This acquisition marks an exciting new chapter for Bakkt, significantly advancing portions of our crypto roadmap, helping us tap into a universe of 5.8m crypto-enabled accounts, and further establishing Bakkt as the B2B2C crypto provider of choice. We’re looking forward to welcoming the Apex Crypto team members to Bakkt and working together to accelerate our growth and strategy,” Gavin Michael, Bakkt CEO.

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