M&A Deal Summary

Virtu Financial Acquires Teza Technologies - Strategic Telco Assets

On November 28, 2016, Virtu Financial acquired communications company Teza Technologies - Strategic Telco Assets from Teza Technologies

Acquisition Highlights
  • This is Virtu Financial’s 1st transaction in the Communications sector.
  • This is Virtu Financial’s 1st transaction in the United States.
  • This is Virtu Financial’s 1st transaction in Illinois.

M&A Deal Summary
Date 2016-11-28
Target Teza Technologies - Strategic Telco Assets
Sector Communications
Buyer(s) Virtu Financial
Sellers(s) Teza Technologies
Deal Type Divestiture

Target

Teza Technologies - Strategic Telco Assets

Chicago, Illinois, United States
Teza Technologies - Strategic Telco Assets is a provider of communication services in US.

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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 2 of 4
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-14 Nyenburgh Holding B.V.

Amsterdam, Netherlands

Nyenburgh Holding B.V. is a proprietary trading firm focused on day trading and arbitrage trading. From offices in Amsterdam, Singapore and Tallinn, Nyenburgh successfully trades on exchanges in Asia, Europe and the USA. More than 60 highly skilled professionals combined with a very sophisticated low latency trading system have given Nyenburgh a solid foothold in the market. Nyenburgh is independently owned and is regulated by the Netherlands Authority for the Financial Markets (AFM).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-20 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.

Buy $1.4B

Seller(S) 1

SELLER

Teza Technologies

Chicago, Illinois, United States
Category Company
Founded 2009
Sector Information Technology
DESCRIPTION

Teza Technologies is a science and technology-driven global quantitative trading business.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Mergr

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