M&A Deal Summary

DV Trading Acquires Allston Trading

On December 16, 2021, DV Trading acquired financial services company Allston Trading from Francisco Partners

Acquisition Highlights
  • This is DV Trading’s 1st transaction in the Financial Services sector.
  • This is DV Trading’s 1st transaction in the United States.
  • This is DV Trading’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-12-16
Target Allston Trading
Sector Financial Services
Buyer(s) DV Trading
Sellers(s) Francisco Partners
Deal Type Add-on Acquisition

Target

Allston Trading

Chicago, Illinois, United States
Allston Trading is a high frequency market maker in over 40 financial exchanges, in 20 countries, and in nearly every conceivable product class. We sit at the intersection of financial strategy and high-technology; this requires us to hire the best and brightest and give them the tools and freedom they need to be successful. Allston Trading was founded in 2002 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

DV Trading

Chicago, Illinois, United States

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

DV Trading utilizes their own capital, trading strategies and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities that spur the global economy. DV Trading was founded in 2006 and is based in Chicago, Illinois.


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: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
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 where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 77 of 88
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 48 of 55
State: Illinois M&A 1 of 1
Country: United States M&A 63 of 73
Year: 2021 M&A 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 NZXT

City of Industry, California, United States

NZXT is dedicated to making PC gaming achievable for all of those with a passion for play. Their first products were computer cases and they have since expanded to include PC cooling solutions, RGB lighting kits, components, power supplies, and their free PC performance monitoring software, NZXT Cam. They have recently expanded to include new categories like Audio featuring the Capsule Microphone and BLD Kit-- an exclusive experience for first-time builders. NZXT also has launched their CRFT line of products, bringing their PC design mindset together with some of entertainment's most popular brands to create limited-edition cases and accessories for gaming enthusiasts. NZXT remains committed to serving the PC gaming community and keeping their needs at the core of who we are. NZXT was formed in 2004 and is based in City of Industry, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Office Ally

Vancouver, Washington, United States

Office Ally provides software to healthcare providers, independent physician associations (IPAs) and health plans. Its software suite includes electronic claims clearinghouse, practice management, electronic health records and payments. Office Ally’s platform supports both the management of care and facilitates payments between providers, health plans and patients. Office Ally was founded in 2000 and is based in Vancouver, Washington.

Buy -