M&A Deal Summary

TradeStation Acquires Interbank Fx

On November 16, 2011, TradeStation acquired financial services company Interbank Fx from Spectrum Equity

Acquisition Highlights
  • This is TradeStation’s 1st transaction in the Financial Services sector.
  • This is TradeStation’s 2nd transaction in the United States.
  • This is TradeStation’s 2nd transaction in Utah.

M&A Deal Summary

Date 2011-11-16
Target Interbank Fx
Sector Financial Services
Buyer(s) TradeStation
Sellers(s) Spectrum Equity
Deal Type Add-on Acquisition

Target

Interbank Fx

Salt Lake City, Utah, United States
Interbank FX, LLC is a leading provider of online foreign exchange trading services, offering individual traders, fund managers and institutional customers proprietary technology and tools to trade spot foreign currency online.

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Buyer(S) 1

Buyer

TradeStation

Plantation, Florida, United States

Category Company
Founded 1982
Sector Internet Software and Services
DESCRIPTION
Entrance to TradeStation's corporate headquarters in Plantation, Florida.
Entrance to TradeStation's corporate headquarters in Plantation, Florida.

TradeStation is an online brokerage company that provides analytics software and an electronic trading platform that is used for active traders and certain institutional trader markets. These trading platforms are accessible on desktop, Web, and mobile, as well as via API technologies which seamlessly provide access to TradeStation’s brokerage environment through third-party platforms. TradeStation was founded in 1982 and is based in Plantation, Florida.


DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Utah M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-16 IBFX Holdings

Salt Lake City, Utah, United States

IBFX Holdings LLC is a provider of online forex trading services to 27,000 individual traders, fund managers and institutional clients worldwide.

Buy -

Seller(S) 1

SELLER

Spectrum Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 8.2B USD
Size Mega
Type Sector Focused
DESCRIPTION

Spectrum Equity Management L.P. is a private equity investor focused on service businesses. Spectrum specifically targets established businesses in the media, communications, IT, information, and business services industries. The Firm looks to commit $25 to $150 million of equity capital per transaction and focuses on opportunities throughout North America and Western Europe. Prospective transaction situations include leveraged buyouts, recapitalizations, acquisition financings, and secondary purchases. Spectrum Equity Investors was formed in 1994 and has offices in Boston, Massachusetts and Menlo Park, California.


DEAL STATS #
Overall 30 of 77
Sector: Financial Services M&A 3 of 4
Type: Add-on Acquisition M&A Deals 21 of 46
State: Utah M&A 2 of 3
Country: United States M&A 28 of 68
Year: 2011 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-12 Bug Music

Los Angeles, California, United States

Founded in 1975, Bug Music, Inc. is one of the world's leading independent music publishers. Headquartered in Los Angeles, with offices in Nashville, New York, Atlanta, London and Munich, Bug owns and/or manages approximately 250,000 copyrights. The company has built a strong reputation as the 'songwriter's' publisher by supporting copyrights of songwriters and publishers and providing personalized administrative and creative services.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-14 HealthMEDX

Ozark, Missouri, United States

HealthMEDX is a software provider for long-term care, home health, and rehab organizations with innovative product design, flexible deployment options, the ability to address multiple care settings, and an easy to use product.

Buy -