M&A Deal Summary

Gresham Technologies Acquires Electra

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

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

M&A Deal Summary
Date 2021-06-22
Target Electra
Sector Business Services
Buyer(s) Gresham Technologies
Deal Type Add-on Acquisition
Deal Value 39M USD
Advisor(s) Berkery, Noyes & Co. (Financial)

Target

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(S) 1

Buyer

Gresham Technologies

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

Gresham Technologies is a software and services company that specialises in providing real-time transaction control and enterprise data integrity solutions. Listed on the main market of the London Stock Exchange (GHT.L) and headquartered in the City of London, customers include some of the world’s largest financial institutions, all of whom are served locally from offices located in Europe, North America and Asia Pacific. Gresham Technologies was founded in 1969 and is based in London, the United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 1 of 1
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.

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