M&A Deal Summary

CBOE Global Markets Acquires NEO

On November 15, 2021, CBOE Global Markets acquired financial services company NEO

Acquisition Highlights
  • This is CBOE Global Markets’ 7th transaction in the Financial Services sector.
  • This is CBOE Global Markets’ 2nd transaction in Canada.
  • This is CBOE Global Markets’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2021-11-15
Target NEO
Sector Financial Services
Buyer(s) CBOE Global Markets
Deal Type Add-on Acquisition
Advisor(s) Broadhaven Capital Partners LLC (Financial)

Target

NEO

Toronto, Ontario, Canada
NEO Exchange is a fintech organization that comprises a fully registered Tier-1 Canadian securities exchange with a diverse product and services set ranging from corporate listings to cash equity trading. NEO was founded in 2015 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

CBOE Global Markets

Chicago, Illinois, United States
Category Company
Founded 1973
Sector Financial Services
Employees1,543
Revenue 3.8B USD (2023)
DESCRIPTION

CBOE Global Markets is the holding company for Chicago Board Options Exchange (CBOE), CBOE Futures Exchange (CFE), and other subsidiaries. CBOE Holdings offers equity, index and ETP options, including proprietary products, such as options and futures on the CBOE Volatility Index (VIX Index) and S&P 500 options (SPX), the most active U.S. index option. Other products engineered by CBOE include equity options, security index options, Weeklys options, FLEX options, and benchmark products such as the CBOE S&P 500 BuyWrite Index (BXM). CBOE Global Markets was incorporated in 1973 and is based in Chicago, Illinois.

DEAL STATS #
Overall 14 of 14
Sector (Financial Services) 7 of 7
Type (Add-on Acquisition) 12 of 12
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-31 Trading Technologies

Chicago, Illinois, United States

Trading Technologies creates professional trading software and solutions for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers, and risk managers. It provides access to the world’s major international exchanges and liquidity platforms via its TT and X_TRADER trading platforms. Trading Technologies was formed in 1994 and is based in Chicago, Illinois.

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