M&A Deal Summary

Forge Global Acquires IRA Services Trust

On March 28, 2019, Forge Global acquired financial services company IRA Services Trust

Acquisition Highlights
  • This is Forge Global’s 1st transaction in the Financial Services sector.
  • This is Forge Global’s 1st transaction in the United States.
  • This is Forge Global’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2019-03-28
Target IRA Services Trust
Sector Financial Services
Buyer(s) Forge Global
Deal Type Add-on Acquisition

Target

IRA Services Trust

Sioux Falls, South Dakota, United States
IRA Services Trust Co. is a non-depository trust company with $11.1 billion in Assets under Custody (as of 12/31/2018). IRA Services Trust is regulated by the State of South Dakota Division of Banking and acts as a custodian of self-directed IRA accounts across a wide range of private investments. IRA Services Trust was founded in 2008 and is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

Forge Global

San Francisco, California, United States
Category Company
Founded 2014
Sector Information Technology
DESCRIPTION

Forge Global, Inc. is a premier trading, settlement, and custody partner for a wide range of investors in the private markets. Forge's platform allows employees and investors in privately-held innovation firms to liquidate a portion of their shares and provides private and institutional investors access to top companies like Spotify, Lyft, and 23andMe before their IPO. Forge Global was founded in 2014 and is based in San Francisco, California.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (South Dakota) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-12 SharesPost

San Francisco, California, United States

SharesPost is a provider of liquidity solutions to the private growth asset class. The company's platform fosters transparency by publishing private market data, research, and valuation tools. SharesPost helped launch the private tech growth market in 2009 and has built one of the leading platforms for secondary transactions and Initial Coin Offerings pursuant to Reg. D. SharesPost was founded in 2009 and is based in San Francisco, California.

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