M&A Deal Summary

Trading Technologies Acquires Abel Noser

On August 22, 2023, Trading Technologies acquired business services company Abel Noser from Estancia Capital Management

Acquisition Highlights
  • This is Trading Technologies’ 1st transaction in the Business Services sector.
  • This is Trading Technologies’ 3rd transaction in the United States.
  • This is Trading Technologies’ 1st transaction in New York.

M&A Deal Summary
Date 2023-08-22
Target Abel Noser
Sector Business Services
Buyer(s) Trading Technologies
Sellers(s) Estancia Capital Management
Deal Type Add-on Acquisition
Advisor(s) Ardea Partners (Financial)
Seward & Kissel (Legal)

Target

Abel Noser

New York, New York, United States
Abel Noser is a provider of effective trading services and trade analytics globally to institutional asset owners, investment managers, and brokers. Abel Noser was founded in 1975 and is based in New York City.

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Buyer(S) 1

Buyer

Trading Technologies

Chicago, Illinois, United States
Category Company
Founded 1994
Sector Software
DESCRIPTION

Trading Technologies creates professional trading software and solutions for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, commercial hedgers, and risk managers. It provides access to the world’s major international exchanges and liquidity platforms via its TT and X_TRADER trading platforms. Trading Technologies was formed in 1994 and is based in Chicago, Illinois.

DEAL STATS #
Overall 3 of 4
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 RCM-X

Chicago, Illinois, United States

RCM-X is a financial technology company that develops algorithmic execution strategies and quantitative trading products for institutional clients. RCM-X was founded in 2017 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 ATEO

Paris, France

ATEO is a provider of post-trade solutions for the financial industry, including a global blotter, clearing and matching system, and extensive market connectivity. ATEO was founded in 2000 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Estancia Capital Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 420M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Estancia Capital Management is a private equity group focused on acquiring or investing in mid-sized asset management companies. The Firm looks to commit $10 to $50 million per opportunity and can support a variety of transaction situations including divestitures, buyouts, growth capital financings, and successions. Estancia Capital Management was founded in 2010 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 InvestorCOM

Toronto, Ontario, Canada

InvestorCOM is a provider of financial technology and outsourcing services to banks, asset managers, insurance companies, and investment dealers. InvestorCOM was founded in 2010 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-12 Flagstone

London, United Kingdom

Flagstone is a fintech company that provides white-label and API-integrated capabilities for businesses to offer their customers easy-to-use, adaptable, and competitive savings options. It partners with wealth management firms, including St. James’s Place, and powers a range of savings products at financial services providers, including Saga and Revolut. Flagstone was formed in 2015 and is based in Lonodn.

Buy -
Mergr

Product

Company

Legal