M&A Deal Summary

ION Group Acquires Dash Financial Technologies

On February 8, 2021, ION Group acquired information technology company Dash Financial Technologies from Flexpoint Ford

Acquisition Highlights
  • This is ION Group’s 2nd transaction in the Information Technology sector.
  • This is ION Group’s 7th transaction in the United States.
  • This is ION Group’s 4th transaction in New York.

M&A Deal Summary
Date 2021-02-08
Target Dash Financial Technologies
Sector Information Technology
Buyer(s) ION Group
Sellers(s) Flexpoint Ford
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)
Kirkland & Ellis (Legal)

Target

Dash Financial Technologies

New York, New York, United States
Dash Financial Technologies LLC is a provider of options and equities agency execution services to both buy-side and sell-side institutions. Dash offers a variety of software tools for traders, a regulatory technology suite, and various data/analytics offerings. Through the Dash platform, clients can devise bespoke routing and algorithmic strategies calibrated to their precise execution objectives, with Dash’s trade desk acting as a consultative guide during this process. Dash Financial Technologies LLC was founded in 2009 and is based in New York City.

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Buyer(S) 1

Buyer

ION Group

Dublin, Ireland
Category Company
Founded 1998
Sector Software
DESCRIPTION

ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. The Company's proprietary software offers a flexible, open, customizable and cost-effective trading solutions that provides real-time integration of market data with internal systems. ION Group was founded in 1998 and is based in Dublin, Ireland.

DEAL STATS #
Overall 13 of 17
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 13 of 17
State (New York) 4 of 5
Country (United States) 7 of 8
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-14 Broadway Technology

New York, New York, United States

Broadway Technology is a provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo. Broadway's solutions handle over $100 trillion of trading volumes annually within the fixed income and foreign exchange markets. Broadway Technology was founded in 2003 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 LIST

Pisa, Italy

LIST is a provider of mission-critical trading and compliance software solutions and infrastructural services to a wide range of financial institutions. LIST was founded in 1985 and is based in Pisa, Italy.

Buy -

Seller(S) 1

SELLER

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 17 of 21
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 10 of 12
State (New York) 1 of 1
Country (United States) 17 of 21
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 AFH Financial Group

Bromsgrove, United Kingdom

AFH Financial Group is a financial advisory and wealth management company that offers wealth management and financial planning services. AFH Financial Group was founded in 1990 and is based in Bromsgrove, the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 Canadian Hospital Specialties

Oakville, Ontario, Canada

Canadian Hospital Specialties manufactures, sells, markets, and distributes disposable medical and surgical products primarily to the Canadian hospital market. Canadian Hospital Specialties is based in Oakville, Ontario.

Buy -
Mergr

Product

Company

Legal