M&A Deal Summary

Virtu Financial Acquires KCG Holdings

On April 20, 2017, Virtu Financial acquired financial services company KCG Holdings from General Atlantic for 1.4B USD

Acquisition Highlights
  • This is Virtu Financial’s 2nd transaction in the Financial Services sector.
  • This is Virtu Financial’s largest (disclosed) transaction.
  • This is Virtu Financial’s 2nd transaction in the United States.
  • This is Virtu Financial’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-04-20
Target KCG Holdings
Sector Financial Services
Buyer(s) Virtu Financial
Sellers(s) General Atlantic
Deal Type Add-on Acquisition
Deal Value 1.4B USD
Advisor(s) Goldman Sachs (Financial)
Sullivan & Cromwell (Legal)

Target

KCG Holdings

Jersey City, New Jersey, United States
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.

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Buyer(S) 1

Buyer

Virtu Financial

New York, New York, United States
Category Company
Founded 2008
Sector Financial Services
Employees975
Revenue 2.3B USD (2023)
DESCRIPTION

Virtu Financial is an active market maker across all major financial centers including equities, fixed income, currencies, futures, energy products and other commodities. Virtu Financial was founded in 2008 and is based in New York, New York.

DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 2 of 2
State (New Jersey) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Teza Technologies - Strategic Telco Assets

Chicago, Illinois, United States

Teza Technologies - Strategic Telco Assets is a provider of communication services in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 Virtu BondPoint

New York, New York, United States

Virtu BondPoint is a provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its ATS linking more than 500 financial services firms.

Sell -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 85 of 146
Sector (Financial Services) 10 of 16
Type (Add-on Acquisition) 34 of 44
State (New Jersey) 2 of 2
Country (United States) 46 of 75
Year (2017) 3 of 8
Size (of disclosed) 8 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-18 Torchy s Tacos

Austin, Texas, United States

Torchy's Tacos is a fast-casual restaurant serving untraditional tacos. Torchy’s Tacos founded in 2006 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Hibob

New York, New York, United States

Hibob is a HR technology platform. Hibob's intuitive and data-driven platform, bob, was built for the way people work today: globally, remotely, and collaboratively. Hibob was founded in 2015 and is based in New York City.

Buy -
Mergr

Product

Company

Legal