M&A Deal Summary

IG Group Acquires Freetrade

On January 16, 2025, IG Group acquired internet software and services company Freetrade from L Catterton Partners for 160M GBP

Acquisition Highlights
  • This is IG Group’s 3rd transaction in the Internet Software and Services sector.
  • This is IG Group’s 2nd largest (disclosed) transaction.
  • This is IG Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2025-01-16
Target Freetrade
Sector Internet Software and Services
Buyer(s) IG Group
Sellers(s) L Catterton Partners
Deal Type Add-on Acquisition
Deal Value 160M GBP

Target

Freetrade

London, United Kingdom
Freetrade is an investing app that makes investing simple, and free. Freetrade offers commission-free trading and an ever-improving feature set sustainably, Freetrade have built their own engineering system called Invest by Freetrade that allows to execute your trades much cheaper and faster than using third-party solutions. Freetrade is based in London, United Kingdom.

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Buyer(S) 1

Buyer

IG Group

London, United Kingdom

Category Company
Founded 1974
Sector Financial Services
Employees2,754
Revenue 852M GBP (2024)
DESCRIPTION

IG Group is a provider of speculative investment products to retail and institutional clients around the world. IG Group was founded in 1974 and is based in London, England..


DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 2 of 2
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Small Exchange

Chicago, Illinois, United States

Small Exchange is a customer-centric futures exchange, bringing products that bridge the product gap for investors of all sizes by providing futures products that are smaller, more capital efficient, simple to use, and easy to understand for all participants. The company facilitates the trading of exchange-created proprietary products for all types of market participants, including, but not limited to, market-makers/liquidity providers, Introducing Brokers (IBs), Futures Commission Merchants (FCMs), proprietary trading firms, and hedge funds, all with a primary focus on the public retail customer. Small Exchange is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 104 of 105
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 49 of 49
Country: United Kingdom M&A 6 of 6
Year: 2025 M&A 1 of 2
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-23 Despegar.com

Buenos Aires, Argentina

Despegar.com is an online travel company that provides a range of travel and travel-related products through its Websites and mobile applications. It offers airline tickets, packages, hotels, and other travel-related products under the Despegar and Decolar brands, which enable consumers to find, compare, plan, and purchase travel products through its marketplace. Despegar.com was incorporated in 1999 and is based in Buenos Aires, Argentina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-29 L.A.B. Golf

Creswell, Oregon, United States

L.A.B. Golf (short for Lie Angle Balance Golf) is a premium putter manufacturer known for its patented technology that eliminates torque and helps golfers maintain a square putter face through the stroke. L.A.B. Golf is based in Creswell, Oregon.

Buy $200M