M&A Deal Summary |
|
|---|---|
| Date | 2025-03-20 |
| Target | NinjaTrader Group |
| Sector | Software |
| Buyer(s) | Kraken |
| Sellers(s) |
Long Ridge Equity Partners
Capital Southwest Main Street Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.5B USD |
| Advisor(s) | Jefferies (Financial) Choate Hall & Stewart Katten Muchin Rosenman (Legal) |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 2011 |
| Sector | Information Technology |
Kraken operates a digital asset trading platform that enables users to buy, sell, and stake cryptocurrencies and tokenized assets. The Company offers services for retail and institutional investors, including spot and futures trading, margin trading, and crypto custody solutions. Kraken was founded in 2011 and is headquartered in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 12 |
| Sector: Software M&A | 2 of 3 |
| Type: Add-on Acquisition M&A Deals | 8 of 11 |
| State: Illinois M&A | 2 of 2 |
| Country: United States M&A | 5 of 6 |
| Year: 2025 M&A | 1 of 4 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-05 |
BCM
Aalsmeer, Netherlands BCM provides services to buy, sell and stake crypto, including access to over 170 cryptocurrencies and strong local funding rails. BCM is based in Aalsmeer, Netherlands. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-08-20 |
Capitalise.ai
Tel Aviv, Israel Capitalise.ai is a natural-language trading automation platform that transforms everyday text into executable trading strategies. Capitalise.ai was founded in 2015 and is based in Tel Aviv, Israel. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Focused |
Long Ridge Equity Partners is a private investment firm focused on the financial services sector. The Firm seeks growth capital and special situation investments. Specific areas of interest include financial technology, specialty finance, securities and trading, asset management, payments, and exchanges. Long Ridge was formed in 2007 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 13 |
| Sector: Software M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 7 of 8 |
| State: Illinois M&A | 1 of 1 |
| Country: United States M&A | 12 of 13 |
| Year: 2025 M&A | 1 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-08 |
Acqueon
Irving, Texas, United States Acqueon is a provider of omnichannel customer engagement software that allows enterprises to proactively connect with customers for outbound sales, service, and revenue capture opportunities using customers’ preferred communication channels. Acqueon was founded in 2019 and is based in Irving, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-08-19 |
AuthenticID
Kirkland, Washington, United States AuthenticID is an identity verification technology company offering AI-powered solutions for fraud prevention, biometric authentication, and compliance. AuthenticID was formed in 2001 and is headquartered in Kirkland, Washington. |
Sell | - |
| Category | Business Development Company |
|---|---|
| Founded | 1961 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Capital Southwest Corp. is a credit focused business development company focused on providing financing to profitable, mid-sized companies throughout the US. The Firm doesn't have any sector preferences and will consider a variety of investment structures. Capital Southwest Corp. was originally established in 1961 and is headquartered in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 16 |
| Sector: Software M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 3 of 4 |
| State: Illinois M&A | 1 of 2 |
| Country: United States M&A | 13 of 16 |
| Year: 2025 M&A | 1 of 4 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-05-01 |
USA DeBusk
Deer Park, Texas, United States USA DeBusk is a provider of highly specialized mechanical and industrial cleaning services including hydro blasting, transportation services, hydro cutting, vacuum services, chemical cleaning, hydro excavation, pigging and decoking services, hot and fixed bed inert catalyst handling and cleaning services, and specialty turnaround services. The company operates out of 22 field offices, providing services for customers in a wide variety of end-markets such as the downstream refining, petrochemical, power generation, and manufacturing sectors. USA DeBusk was founded in 2012 and is based in Deer Park, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-14 |
R.J. O Brien & Associates
Chicago, Illinois, United States R.J. O'Brien & Associates is an independent futures brokerage and clearing firm in the United States. RJO offers the state-of-the-art in order entry technology coupled with 24-hour execution and clearing on every futures exchange worldwide. Clearing more than 80,000 client accounts, the firm provides a full range of services to the industry’s largest global network of introducing brokers (IBs) and to commercial, institutional, international, and individual investors. R.J. O'Brien & Associates is based in Chicago, Illinois. |
Sell | $900M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 8.7B USD |
| Size | Mega |
| Type | Sector Agnostic |
Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 48 |
| Sector: Software M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 22 of 22 |
| State: Illinois M&A | 1 of 1 |
| Country: United States M&A | 47 of 48 |
| Year: 2025 M&A | 2 of 3 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-01-06 |
Pearl Meyer
Wellesley, Massachusetts, United States Pearl Meyer is an independent executive compensation consulting firm. PM&P has served as a trusted advisor to Boards and their senior management in the areas of governance, strategy, and compensation program design. Clients from the Fortune 500 to not-for-profits and emerging high-growth companies rely on PM&P to help align rewards with long-term business goals to create value for all stakeholders: shareholders, executives, and employees. Pearl Meyer was founded in 1989 and is based in Wellesley, Massachusetts. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-01 |
Milford Vascular Institute
Milford, Connecticut, United States Milford Vascular Institute is a provider of vascular care specializing in vein and arterial procedures that relieve chronic pain, reduce the risk of blood clots, and restore blood flow in narrowed or blocked arteries. Operating from two facilities in the Northeastern U.S., the company delivers patient-centric care through its team of physicians and clinical staff. Milford Vascular Institute was founded in 2007 and is headquartered in Milford, Connecticut. |
Buy | - |
