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Add-on Acquisition • Business Services

Gresham Acquires Electra

On June 22, 2021, Gresham acquired business services company Electra for 39M USD

Acquisition Context
  • This is Gresham’s 1st transaction in the Business Services sector.
  • This is Gresham’s largest (disclosed) transaction.
  • This is Gresham’s 1st transaction in the United States.
  • This is Gresham’s 1st transaction in New York.

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M&A Deal Summary
Date June 22, 2021
Target Electra
Sector Business Services
Buyer(s) Gresham
Deal Type Add-on Acquisition
Deal Value 39M USD
Advisor(s) Berkery, Noyes & Co. (Financial)

Target Company

Electra

New York, New York, United States
Electra provides post-trade operations workflow solutions and data services for reconciliation, trade matching, settlement, and fee billing to global institutional buy-side firms. Asset managers, hedge funds, fund administrators, and outsourced service providers use Electra solutions across their middle and back offices to reduce and manage risk start to finish, improve operational efficiencies, accelerate fee billing and revenues, and enhance counterparty and investor experiences. Firms can quickly scale to business demands and gain value from Electra’s innovative, patented technology across the post-trade process. Electra was formed in 1998 and is based in New York, New York.
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Buyer Overview 1

Buyer

Gresham

London, United Kingdom
Category Company
Founded 1969
Sector Software
Employees241
Revenue 49M GBP (2023)
DESCRIPTION

Gresham is a software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Gresham was founded in 1969 and is based in London, United Kingdom.

Deal Context for Buyer #
Overall 3 of 4
Sector: Business Services 1 of 1
Type: Add-on Acquisition 3 of 3
State: New York 1 of 2
Country: United States 1 of 2
Year: 2021 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-04 B2 Group

Senningerberg, Luxembourg

B2 Group Ltd. is a provider of payments, funds and FX automation and integration STP software and consultancy solutions to banks, corporates, insurers and fund administrators across the world, especially in Europe, the Middle East and Africa. B2 Group Ltd. was founded in 2001 and is based in Senningerberg, Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 Alveo

New York City, New York, United States

Alveo is a provider of data management software to global financial institutions. Alveo encompass the full spectrum of reference and market data to help financial institutions better manage risk, meet evolving compliance demands, increase productivity, bring new products to market faster and generate new revenue. Alveo was founded in 1991 and is based in New York City, New York.

Buy -

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