M&A Deal Summary

Euronext Acquires Global Rate Set Systems

On March 29, 2024, Euronext acquired financial services company Global Rate Set Systems

Acquisition Highlights
  • This is Euronext’s 3rd transaction in the Financial Services sector.
  • This is Euronext’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2024-03-29
Target Global Rate Set Systems
Sector Financial Services
Buyer(s) Euronext
Deal Type Add-on Acquisition

Target

Global Rate Set Systems

New Zealand
Global Rate Set Systems is a provider of services to benchmark administrators that produce three of Europe’s critical interest rate benchmarks: EURIBOR® (global, the world’s largest benchmark), STIBOR® (Sweden) and NIBOR® (Norway). Global Rate Set Systems was founded in 2008 and is based in New Zealand.

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Buyer(S) 1

Buyer

Euronext

Amsterdam, Netherlands
Category Company
Founded 2000
Sector Financial Services
Employees2,452
Revenue 1.5B EUR (2023)
DESCRIPTION
Euronext's corporate headquarters in Amsterdam.
Euronext's corporate headquarters in Amsterdam.

Euronext is a provider of a broad portfolio of products, services, and platforms that cover the full range of financial market services. Euronext provides listing, trading, market data, indices, clearing, settlement, and custody as well as the development and operation of high-end trading systems. Euronext is based in Amsterdam. Euronext was founded in 2000 and is based in Amsterdam, the Netherlands.

DEAL STATS #
Overall 9 of 11
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 6 of 8
Country (New Zealand) 1 of 1
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 Oslo Market Solutions

Oslo, Norway

Oslo Market Solutions is a supplier of internet-based solutions for investors including online market data, market data feeds, investor relations pages, and trading solutions. With a Nordic perspective, OMS focus on high availability, quality, innovation, design, speed, and flexibility towards our clients. All of the company’s solutions are hosted and operated by OMS. Oslo Market Solutions is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-17 Substantive Research

London, United Kingdom

Substantive Research is a provider of research analysis for asset managers. Substantive Research provides valuable benchmarking data, coverage analysis, analyst moves and new provider tracking, tailored to each client’s investment process and coverage requirements. Substantive Research was founded in 2015 and is based in London, England.

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Mergr

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