M&A Deal Summary

Freedom Holding Acquires LD Micro

On March 6, 2023, Freedom Holding acquired internet software and services company LD Micro from SRAX for 8M USD

Acquisition Highlights
  • This is Freedom Holding’s 1st transaction in the Internet Software and Services sector.
  • This is Freedom Holding’s largest (disclosed) transaction.
  • This is Freedom Holding’s 1st transaction in the United States.
  • This is Freedom Holding’s 1st transaction in California.

M&A Deal Summary
Date 2023-03-06
Target LD Micro
Sector Internet Software and Services
Buyer(s) Freedom Holding
Sellers(s) SRAX
Deal Type Divestiture
Deal Value 8M USD

Target

LD Micro

San Ramon, California, United States
LD Micro is a data and event company serving the small and micro-cap space with SaaS platform. LD Micro was founded in 2006 and is based in San Ramon, California.

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Buyer(S) 1

Buyer

Freedom Holding

Almaty, Kazakhstan
Category Company
Founded 1981
Sector Financial Services
Employees6,132
Revenue 795M USD (2023)
DESCRIPTION

Freedom Holding is a financial services holding company conducting retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services, mortgages, insurance, and consumer banking through its subsidiaries under the name of Freedom Finance in Europe and Central Asia. Freedom Holding was founded in 1981 and is based in Almaty, Kazakhstan.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Arbuz Group

Almaty, Kazakhstan

Arbuz Group is an online supermarket and fresh food delivery service with operations in Almaty and Astana. Arbuz Group is based in Almaty, Kazakhstan.

Buy -

Seller(S) 1

SELLER

SRAX

Westlake Village, California, United States
Category Company
Founded 2009
Sector Marketing
Employees35
Revenue 27M USD (2021)
DESCRIPTION

SRAX is an Internet advertising company that provides tools that automate the digital advertising market. The Company's platforms connect online publishers with demand partners and buyers, provide targeted and measurable facebook advertising campaigns and offer brand advocacy and customer loyalty campaigns all through proprietary technology. SRAX was founded in 2009 and is based in Westlake Village, California.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-04 LD Micro

San Ramon, California, United States

LD Micro is a data and event company serving the small and micro-cap space with SaaS platform. LD Micro was founded in 2006 and is based in San Ramon, California.

Buy -
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