Add-on Acquisition • Financial Services

GFI Group Acquires The Kyte Group

On June 22, 2010, GFI Group acquired financial services company The Kyte Group for 38M GBP

Acquisition Context
  • This is GFI Group’s 2nd transaction in the Financial Services sector.
  • This is GFI Group’s 0th largest (disclosed) transaction.
  • This is GFI Group’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date June 22, 2010
Target The Kyte Group
Sector Financial Services
Buyer(s) GFI Group
Deal Type Add-on Acquisition
Deal Value 38M GBP

Target Company

The Kyte Group

London, United Kingdom
The Kyte Group Limited provides clearing and settlement services to professional 'expert' traders who transact business on the world's leading exchanges. KGL offers clearing services, risk management, financing and direct market access to proprietary traders, brokers,market makers and hedge funds.
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Buyer Overview 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 Context for Buyer #
Overall 3 of 5
Sector: Financial Services 2 of 4
Type: Add-on Acquisition 3 of 5
Country: United Kingdom 2 of 2
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-31 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.

Buy -
FOLLOWING 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