M&A Deal Summary

Liquidnet Acquires Prattle

On June 5, 2019, Liquidnet acquired financial services company Prattle

Acquisition Highlights
  • This is Liquidnet’s 1st transaction in the Financial Services sector.
  • This is Liquidnet’s 1st transaction in the United States.
  • This is Liquidnet’s 1st transaction in Missouri.

M&A Deal Summary
Date 2019-06-05
Target Prattle
Sector Financial Services
Buyer(s) Liquidnet
Deal Type Add-on Acquisition

Target

Prattle

St. Louis, Missouri, United States
Prattle is a provider of automated investment research solutions for portfolio managers, research analysts, and other financial professionals. Prattle developed a proprietary Natural Language Processing (NLP) and Machine Learning (ML) system to produce analytics that measures sentiment and predict the market impact of publicly available content including the central bank and corporate communications (such as company earnings calls and press releases).

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Buyer(S) 1

Buyer

Liquidnet

New York City, New York, United States
Category Company
Founded 1999
Sector Financial Services
Employees320
DESCRIPTION

Liquidnet is an electronic platform that allows money management firms to execute block trades directly and anonymously across international markets. Liquidnet was founded in 1999 and is based in New York City.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Missouri) 1 of 1
Country (United States) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 RSRCHXchange

London, United Kingdom

Research Exchange Ltd. is a platform enables asset management firms to read, purchase and monitor research and analyst interactions from banks, brokers & boutique providers in a more efficient and transparent way. London, United Kingdom.

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