M&A Deal Summary

Hanwha Life Acquires Velocity Clearing

On November 20, 2024, Hanwha Life acquired information technology company Velocity Clearing

Acquisition Highlights
  • This is Hanwha Life’s 1st transaction in the Information Technology sector.
  • This is Hanwha Life’s 1st transaction in the United States.
  • This is Hanwha Life’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-11-20
Target Velocity Clearing
Sector Information Technology
Buyer(s) Hanwha Life
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Schulte Roth & Zabel
Wollmuth Maher & Deutsch (Legal)

Target

Velocity Clearing

Hazlet, New Jersey, United States
Velocity Clearing is a technology-driven, self-clearing broker-dealer, providing execution services, clearing, and custody along with access to stock locate services, securities lending, competitive financing, and a firm-wide focus on world-class customer service. The Company supports retail traders and institutional clients including brokers/dealers, hedge funds, family offices, and proprietary trading firms in the US and across the globe. Velocity Clearing was founded in 2010 and is based in Hazlet, New Jersey.

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Buyer(S) 1

Buyer

Hanwha Life

Seoul, South Korea
Category Company
Founded 1946
Sector Insurance
DESCRIPTION

Hanwha Life is a life insurance company. Hanwha Life was established in 1946 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal