M&A Deal Summary

GAIN Capital Holdings Acquires City Index

On April 1, 2015, GAIN Capital Holdings, Inc. acquired financial services company City Index (Holdings) Ltd. from Francisco Partners for 148M USD

Acquisition Highlights
  • This is GAIN Capital Holdings’ 2nd transaction in the Financial Services sector.
  • This is GAIN Capital Holdings’ 1st largest (disclosed) transaction.
  • This is GAIN Capital Holdings’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2015-04-01
Target City Index (Holdings) Ltd.
Sector Financial Services
Buyer(s) GAIN Capital Holdings, Inc.
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition
Deal Value 148M USD

Target

City Index (Holdings) Ltd.

London, United Kingdom
website
City Index (Holdings) Ltd. is a spread betting and CFD provider, offering competitive spread and margin access on thousands of markets.

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Buyer(S) 1

Buyer

GAIN Capital Holdings, Inc.

Bedminster, New Jersey, United States

website


Category Company
Founded 1999
SectorFinancial Services
Employees638
Revenue 305M USD (2018)
DESCRIPTION

GAIN Capital Holdings, Inc. provides innovative trading technology and execution services to retail and institutional investors worldwide, with multiple access points to OTC markets and global exchanges across a wide range of asset classes, including foreign exchange, commodities, and global equities. GAIN Capital Holdings, Inc. was formed in 1999 and is based in Bedminster, New Jersey.


DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-22 FX Solutions LLC

Saddle River, New Jersey, United States

FX Solutions LLC provides an Internet-based foreign exchange trading platform which allows retail customers to trade foreign currencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 GAIN Capital Holdings, Inc. - US FX ECN Platform

Bedminster, New Jersey, United States

GAIN Capital Holdings, Inc. - US FX ECN Platform is one of the largest and most diverse OTC FX market places. GTX ECN complements 360T's existing product suite by adding access to deep FX Spot liquidity supported by professional financial institutions. 360T and GTX currently provide FX solutions to over 2,000 global clients that operate out of more than 75 countries around the world.

Sell $100M

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 14.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities with enterprise values ranging from $20 million to $2 billion. Francisco Partners was formed in 1999 and has offices in San Francisco, California and London.


DEAL STATS #
Overall 36 of 78
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 22 of 48
Country (United Kingdom) 3 of 5
Year (2015) 4 of 6
Size (of disclosed) 23 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 K2 Software, Inc.

Bellevue, Washington, United States

K2 Software, Inc. is a provider of business application platforms and solutions that empower people to build and run business apps, from the very simple to the highly complex, limited only by their imagination. K2 Software was established in 2000 and is based in Bellevue, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-22 Procera Networks, Inc.

Fremont, California, United States

Procera Networks Inc. is a subscriber experience company, it operators and vendors monitor, manage and monetize their network traffic.

Buy $240M