1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Sweden >
  5. KCG Holdings Acquires Neonet AB

M&A Deal Summary

KCG Holdings Acquires Neonet AB

On July 27, 2016, KCG Holdings acquired financial services company Neonet AB

Acquisition Highlights
  • This is KCG Holdings’ 2nd transaction in the Financial Services sector.
  • This is KCG Holdings’ 1st transaction in Sweden.

M&A Deal Summary
Date 2016-07-27
Target Neonet AB
Sector Financial Services
Buyer(s) KCG Holdings
Deal Type Add-on Acquisition
Advisor(s) NovitasFTCL (Financial)
Advokatfirman Delphi (Legal)

Target

Neonet AB

Stockholm, Sweden
Neonet AB provides a comprehensive suite of advanced algorithmic trading, smart order routing and sales trading primarily in European equities across 30 public and private markets to approximately 200 clients in more than 20 countries. Neonet strives to deliver transparent execution services to banks, brokers and financial institutions with an optimized balance of quality and cost. The acquisition will strengthen KCG's reach in continental Europe and will enable both KCG's and Neonet's clients to access a more complete range of international execution services and capabilities.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

KCG Holdings

Jersey City, New Jersey, United States
Category Company
Sector Financial Services
Employees972
Revenue 1.4B USD (2016)
DESCRIPTION

KCG Holdings, Inc. is a securities firm offering services designed to address trading needs across asset classes, product types and time zones. KCG Holdings is based in Jersey City, New Jersey.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-28 Hotspot FX

Jersey City, New Jersey, United States

Hotspot FX, Inc. provides institutions and dealers with spot foreign exchange trade execution through an advanced, fully electronic platform.

Sell $365M
Mergr

Solution for

Product

Company

Legal