M&A Deal Summary

GFI Group and BGC Acquire Trayport

On January 31, 2008, GFI Group and BGC acquired software company Trayport

Acquisition Highlights
  • This is GFI Group’s 1st and BGC’s 1st transaction in the Software sector.
  • This is GFI Group’s 1st and BGC’s 2nd transaction in the United Kingdom.
Investment Fate
  • Trayport was divested to a strategic buyer in 2015 for 650M USD.
  • Trayport was divested to a consortium of strategic buyers in 2015 for 650M USD.
  • Trayport was divested to a consortium of strategic buyers in 2017 for 550M EUR.

M&A Deal Summary
Date 2008-01-31
Target Trayport
Sector Software
Buyer(s) GFI Group
BGC
Deal Type Add-on Acquisition

Target

Trayport

London, United Kingdom
website
Trayport Ltd. is a provider of an electronic trading systems and matching engine solutions for broking, exchange, and trading markets in the United Kingdom and internationally. Trayport was founded in 1992 and is based in London, United Kingdom.

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Buyer(S) 2

Buyer

GFI Group

New York, New York, United States

website

Category Company
Founded 1987
Sector Financial Services
Employees1,984
Revenue 840M USD (2014)
DESCRIPTION

GFI Group, Inc. is a brokerage company servicing the financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products.

DEAL STATS #
Overall 2 of 5
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 5
Country (United Kingdom) 1 of 2
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-15 Starsupply Petroleum

Englewood, New Jersey, United States

Starsupply Petroleum LLC is a provider of broker services for oil products and related derivative and option contracts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-22 The Kyte Group

London, United Kingdom

The Kyte Group Limited provides clearing and settlement services to professional 'expert' traders who transact business on the world's leading exchanges. KGL offers clearing services, risk management, financing and direct market access to proprietary traders, brokers,market makers and hedge funds.

Buy £38M
Buyer

BGC

New York, New York, United States

website

Category Company
Founded 1945
Sector Financial Services
Employees3,780
Revenue 1.8B USD (2022)
DESCRIPTION

BGC is a global brokerage company primarily servicing the wholesale financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions. BGC was incorporated in 1945 and is based in New York, New York.

DEAL STATS #
Overall 4 of 19
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 18
Country (United Kingdom) 2 of 8
Year (2008) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-16 Marex Financial - Emerging Markets Equity Derivatives Business

London, United Kingdom

Marex Financial Ltd. - Emerging Markets Equity Derivatives Business is a provider of financial products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-20 Radix Energy

Singapore, Singapore

Radix Energy LP is an energy broker providing services to clients in the wholesale markets throughout Asia. Founded in 2000, it covers multiple products including: crude oil, naptha, middle distillates, fuel oil and freight swap derivatives.

Buy -
Mergr

Product

Company

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