Divestiture • Financial Services

ICE Acquires BondPoint

On January 2, 2018, ICE acquired financial services company BondPoint from Virtu Financial for 400M USD

Acquisition Context
  • This is ICE’s 9th transaction in the Financial Services sector.
  • This is ICE’s 7th largest (disclosed) transaction.
  • This is ICE’s 13th transaction in the United States.
  • This is ICE’s 9th transaction in New York.

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M&A Deal Summary

Date January 2, 2018
Target BondPoint
Sector Financial Services
Buyer(s) ICE
Sellers(s) Virtu Financial
Deal Type Divestiture
Deal Value 400M USD

Target Company

BondPoint

New York, New York, United States
Creditex Securities Corp. is a provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its alternative trading system (ATS) linking more than 500 financial services firms.
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Buyer Overview 1

Buyer

ICE

Atlanta, Georgia, United States

Category Company
Founded 2000
Sector Financial Services
Employees12,920
Revenue 11.8B USD (2024)
DESCRIPTION
Entrance to Intercontinental Exchange's corporate headquarters in Atlanta, Georgia.
Entrance to Intercontinental Exchange's corporate headquarters in Atlanta, Georgia.

ICE is a network of regulated exchanges and clearing houses. The company's futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. ICE was formed in 2000 and is based in Atlanta, Georgia.


Deal Context for Buyer #
Overall 22 of 29
Sector: Financial Services 9 of 10
Type: Divestiture 9 of 9
State: New York 9 of 9
Country: United States 13 of 19
Year: 2018 1 of 2
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 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 €550M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-05 Chicago Stock Exchange

Chicago, Illinois, United States

Chicago Stock Exchange, Inc. is a full-service stock exchange, including trading, data and corporate listings services. Chicago Stock Exchange is based in Chicago, Illinois.

Buy -

Seller Profile 1

SELLER

Virtu Financial

New York, New York, United States

Category Company
Founded 2008
Sector Financial Services
Employees969
Revenue 2.9B USD (2024)
DESCRIPTION

Virtu Financial is an active market maker across all major financial centers including equities, fixed income, currencies, futures, energy products and other commodities. Virtu Financial was founded in 2008 and is based in New York, New York.


Deal Context for Seller #
Overall 2 of 3
Sector: Financial Services 1 of 2
Type: Divestiture 2 of 3
State: New York 2 of 2
Country: United States 2 of 2
Year: 2018 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 Virtu BondPoint

New York, New York, United States

Virtu BondPoint is a provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its ATS linking more than 500 financial services firms.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-07 Investment Technology Group

New York, New York, United States

Investment Technology Group, Inc. is an independent execution and research broker partnering with global portfolio managers and traders throughout the investment process, from investment decision through to settlement. Investment Technology Group was founded in 1983 and is based in New York.

Buy $1.0B