M&A Deal Summary

GFI Group Acquires Micromega Securities Proprietary

On December 22, 2016, GFI Group acquired financial services company Micromega Securities Proprietary

Acquisition Highlights
  • This is GFI Group’s 3rd transaction in the Financial Services sector.
  • This is GFI Group’s 1st transaction in South Africa.

M&A Deal Summary

Date 2016-12-22
Target Micromega Securities Proprietary
Sector Financial Services
Buyer(s) GFI Group
Deal Type Add-on Acquisition

Target

Micromega Securities Proprietary

Johannesburg, South Africa
Micromega Securities Proprietary Ltd. is a provider of an interdealer brokerage services in fixed income, rates and foreign exchange products via its three operating subsidiaries: TTSA Securities (PTY) Ltd, SA International & Capital Market Brokers (PTY) Ltd and Micromega Africa Money Brokers (PTY) Ltd.

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Buyer(S) 1

Buyer

GFI Group

New York, New York, United States

Category Company
Founded 1987
Sector Financial Services
Employees1,984
Revenue 840M USD (2014)
DESCRIPTION

GFI Group, Inc. is a brokerage company servicing the financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products.


DEAL STATS #
Overall 4 of 5
Sector: Financial Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 4 of 5
Country: South Africa M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Trayport

London, United Kingdom

Trayport Ltd. is a provider of an electronic trading systems and matching engine solutions for broking, exchange, and trading markets in the United Kingdom and internationally. Trayport was founded in 1992 and is based in London, United Kingdom.

Sell $650M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Ginga Petroleum Pte

Shanghai, Singapore

Ginga Petroleum (Singapore) Pte Ltd. provides a comprehensive range of broking services for physical and derivative energy products including Naphtha, Liquefied Petroleum Gas, Fuel Oil, Biofuels, Middle Distillates, Petrochemicals, and Gasoline. Ginga Petroleum (Singapore) was founded in 1998 and is based in Shanghai, Singapore.

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