M&A Deal Summary

FX Alliance Acquires Lava Trading

On December 31, 2009, FX Alliance acquired financial services company Lava Trading from TA Associates

Acquisition Highlights
  • This is FX Alliance’s 1st transaction in the Financial Services sector.
  • This is FX Alliance’s 1st transaction in the United States.
  • This is FX Alliance’s 1st transaction in New York.

M&A Deal Summary

Date 2009-12-31
Target Lava Trading
Sector Financial Services
Buyer(s) FX Alliance
Sellers(s) TA Associates
Deal Type Add-on Acquisition

Target

Lava Trading

New York, New York, United States
Lava Trading Inc. customizes equity trading solutions for critical execution success. The company’s system maximizes traders' access to all exchanges and Electronic Communication Networks (ECNs), increases desk productivity, and lowers floor transaction and communication costs.

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Buyer(S) 1

Buyer

FX Alliance

New York, New York, United States

Category Company
Founded 2000
Sector Financial Services
DESCRIPTION

FX Alliance, Inc. is a provider of trading and workflow solutions for foreign exchange and treasury products.


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: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 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 137 of 260
Sector: Financial Services M&A 17 of 31
Type: Add-on Acquisition M&A Deals 76 of 133
State: New York M&A 9 of 16
Country: United States M&A 130 of 207
Year: 2009 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-14 One Call

Jacksonville, Florida, United States

One Call is a provider of specialized services to the workers' compensation industry that lead to faster, more efficient, and more cost-effective claims resolution. From high-end diagnostics and physical therapy services to post-discharge and in-home and complex care management, to transportation and language services, to superior dental programs and other medical specialties, One Call provides reliable, consistent connections to care that enable maximum medical improvement and superior outcomes. One Call was formed in 2012 and is based in Jacksonville, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Ubiquiti

New York, New York, United States

Ubiquiti is a provider of networking products and solutions for service providers and enterprises. Ubiquiti was founded in 2003 and is based in New York, New York.

Buy -