Marlin & Associates Advises BidFX on Strategic Investment by SGX
Dear Clients and Friends,
We are pleased to announce another successful m&a transaction on which we advised.
Marlin & Associates acted as exclusive strategic and financial advisor to BidFX and its parent, TradingScreen, the market leading provider of SaaS based electronic trading solutions for institutional investors, on a strategically important transaction.
Singapore Exchange (SGX), Asia’s most international multi-asset exchange and largest foreign exchange (FX) marketplace, has acquired a 20% stake in BidFX, plus an option for additional shares to gain a controlling interest, for a total cash consideration of US$25 million.
BidFx offers a cloud-based, front-end trading platform to help hedge funds, asset managers and banks trade, improve access to liquidity, generate alpha and simplify workflows.
Funds provided by SGX will be used to continue enhancing the BidFX platform and add to the unit’s development, sales and management teams - all while rolling out product enhancements, adding liquidity providers, increasing staffing and developing strategic partnerships as well as increasing sales presence in Europe, the US, and Asia.
The full announcement can be read here.
Marlin & Associates is one of the most active investment banking and strategic advisory firms providing counsel to owners and managers of information technology firms worldwide. Headquartered in New York City, with offices in Washington, D.C., and Toronto, Marlin & Associates has won numerous awards including the “Middle-Market Investment Bank of the Year,” “Capital Raising Advisory Firm of The Year,” “Boutique Investment Banking Firm of the Year,” and “TMT Advisory Bank of the Year.” More than 20 transactions on which Marlin & Associates has advised have been recognized as “Deal-of-the-Year”. The Marlin & Associates team of professionals has advised on more than 200 information-technology transactions in 27 countries.
Please feel free to call us if you have any questions on this transaction or on any of the sectors that we follow.