M&A Deal Summary

ConvergEx Group Acquires LiquidPoint

On July 2, 2007, ConvergEx Group acquired financial services company LiquidPoint for 300M USD

Acquisition Highlights
  • This is ConvergEx Group’s 1st transaction in the Financial Services sector.
  • This is ConvergEx Group’s largest (disclosed) transaction.
  • This is ConvergEx Group’s 1st transaction in the United States.
  • This is ConvergEx Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2007-07-02
Target LiquidPoint
Sector Financial Services
Buyer(s) ConvergEx Group
Deal Type Add-on Acquisition
Deal Value 300M USD
Advisor(s) Westbury Group LLC (Financial)

Target

LiquidPoint

Chicago, Illinois, United States
LiquidPoint is a listed options execution and trading technology firm that provides services to institutional traders, prime brokers, hedge funds, financial intermediaries and options exchanges.

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Buyer(S) 1

Buyer

ConvergEx Group

New York City, New York, United States

website

Category Company
Founded 2006
Sector Business Services
Employees1,200
DESCRIPTION

ConvergEx Group LLC is an agency-focused global brokerage and trading related services provider that takes on the industry's toughest challenges, from complicated trades to complex businesses. With clients' interests as the top priority, Convergex delivers comprehensive solutions that span global high-touch and electronic trading, prime brokerage, clearing, commission management and beyond. Headquartered in New York with a presence in several other locations including Atlanta, Boston, Orlando, San Francisco and London, the company serves nearly 3,000 clients accessing over 100 global market centers.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 3
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-09 Cogent Consulting

Summit, New Jersey, United States

Cogent Consulting LLC is a software development firm specializing in advanced commission management solutions for institutional money managers and broker-dealers.

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