M&A Deal Summary

ION Group Acquires OpenLink Financial

On February 2, 2018, ION Group acquired software company OpenLink Financial from Hellman & Friedman

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

M&A Deal Summary
Date 2018-02-02
Target OpenLink Financial
Sector Software
Buyer(s) ION Group
Sellers(s) Hellman & Friedman
Deal Type Add-on Acquisition
Advisor(s) Centerview Partners (Financial)
Simpson Thacher & Bartlett (Legal)

Target

OpenLink Financial

Uniondale, New York, United States
OpenLink Financial is a provider of cross-asset trading, risk management, and related portfolio management software solutions for the commodity, energy and financial services markets globally. OpenLink’s blue chip client base of more than 150 customers worldwide includes twelve of the top twenty-five largest commodity and energy companies by market capitalization, eight of the largest financial institutions and eleven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, Sydney, and Singapore.

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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 8 of 17
Sector (Software) 4 of 6
Type (Add-on Acquisition) 8 of 17
State (New York) 2 of 5
Country (United States) 4 of 8
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 Dealogic

London, United Kingdom

Dealogic provides a platform of technology, content and support used by investment banks worldwide to manage and align their core operating units to optimize performance and improve competitiveness. Implemented across strategy, capital markets, sales, coverage banking and compliance, firms rely on Dealogic to interconnect their professionals to more effectively identify opportunities, cover the right clients, evaluate investor appetite, execute deals reliably and to ultimately win more business. Dealogic was founded in 1983 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-20 Fidessa

London, United Kingdom

Fidessa is a provider of multi-asset trading and investment infrastructure, market data and analysis, and decision making and workflow technology. Fidessa was formed in 1981 and is based in London.

Buy £1.5B

Seller(S) 1

SELLER

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.

DEAL STATS #
Overall 44 of 59
Sector (Software) 8 of 9
Type (Add-on Acquisition) 11 of 13
State (New York) 5 of 8
Country (United States) 30 of 43
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-19 Belron

Surrey, United Kingdom

Belron is a provider of glass repair and replacement, trading under more than 10 major brands including Carglass, Safelite AutoGlass, and Autoglass. In addition, it manages vehicle glass and other insurance claims on behalf of insurance customers. Belron is also expanding its services to focus on solving problems for people who need assistance with repairs to their vehicles and homes. Belron is based in Surrey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 The Edelman Financial Group

Houston, Texas, United States

Edelman Financial Services provides financial planning and investment management services to more than 28,000 individuals and families and manages more than $15 billion in assets.(2) The firm also provides 401(k) plans and institutional investment management for businesses.

Sell -
Mergr

Product

Company

Legal