M&A Deal Summary

DRW Holdings Acquires RGM Advisors

On August 17, 2017, DRW Holdings acquired financial services company RGM Advisors from TA Associates

Acquisition Highlights
  • This is DRW Holdings’ 1st transaction in the Financial Services sector.
  • This is DRW Holdings’ 1st transaction in the United States.
  • This is DRW Holdings’ 1st transaction in Texas.

M&A Deal Summary

Date 2017-08-17
Target RGM Advisors
Sector Financial Services
Buyer(s) DRW Holdings
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

RGM Advisors

Austin, Texas, United States
RGM Advisors is an automated trading firm that applies scientific methods and computing power to trade in multiple asset classes around the world using high-frequency automated strategies.

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Buyer(S) 1

Buyer

DRW Holdings

Chicago, Illinois, United States

Category Company
Founded 1992
Sector Financial Services
Employees750
DESCRIPTION

DRW is a diversified principal trading firm, trading its own capital at its own risk across a range of asset classes, instruments and strategies in markets around the world. As the markets have evolved over the past 25 years, so has DRW, growing to include real estate, venture capital and cryptocurrencies. Founded in 1992 by Don Wilson, DRW has more than 750 employees in Chicago, London, Montreal, New York and Singapore.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 204 of 260
Sector: Financial Services M&A 26 of 31
Type: Add-on Acquisition M&A Deals 112 of 133
State: Texas M&A 18 of 19
Country: United States M&A 177 of 207
Year: 2017 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 OMNIA Partners

Franklin, Tennessee, United States

OMNIA Partners is an organization in procurement and supply chain management. Serving both the private and public sectors, OMNIA Partners unites industry-leading buying power and world-class suppliers to offer an extensive portfolio of sourcing solutions and partnerships. Through economies of scale, the company is able to deliver more contracts, in more verticals, with transparent, value-driven pricing. OMNIA Partners was founded in 2001 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-01 PetPeople

Columbus, Ohio, United States

PetPeople is a retailer of natural and high-quality pet food and supplies, operating 42 stores throughout Ohio, Indiana, Michigan, Illinois and North Carolina. PetPeople stores carry the finest natural pet foods on the market and are committed to providing outstanding customer service and building long-term relationships with their customers. PetPeople associates are pet enthusiasts who engage and educate customers by sharing ideas and providing solutions. PetPeople was founded in 1997 and is based in Columbus, Ohio.

Buy -