Latest Mergers and acquisitions News: Finextra Research

Skandiabanken makes robo-advisory push with stake in Quantfolio

Norwegian digital bank Skandiabanken has acquired a 39.9% stake in local AI and machine learning outfit Quantfolio as part of a push into the provision of robo advisory services for customers of its private savings division.

23 March 2017

Company update/Mergers and acquisitions

Trumid to acquire Electronifie

Trumid, a financial technology company that improves trading efficiency and market intelligence in the corporate bond market, today announced that it has reached a definitive agreement to acquire fellow all-to-all trading platform, Electronifie.

23 March 2017

Company update/Mergers and acquisitions

Quantlab acquires high-speed trading tech from Teza

Quantlab Financial LLC ("Quantlab"), a leading, global quantitative trading firm based in Houston, Texas, today announced that it has acquired certain technology and intellectual property assets of the Teza Group.

22 March 2017

News/Mergers and acquisitions

Warburg Pincus takes 35% stake in Avaloq

Private equity group Warburg Pincus has acquired a 35% stake in Avaloq, valuing the Swiss core banking firm at CHF1 billion.

22 March 2017

Company update/Mergers and acquisitions

Sterling Trading Tech acquires CBOE Livevol X trading platform

Sterling Trading Tech (STT) announced today the acquisition of Livevol X, a trade execution platform for U.S. equities and options, from CBOE Livevol, a subsidiary of CBOE Holdings, Inc. (CBOE).

21 March 2017

Company update/Mergers and acquisitions

Thomson Reuters completes Clarient and Avox acquisitions

Thomson Reuters has completed its acquisitions of Clarient Global LLC and Avox Limited, expanding its risk-management footprint and its ability to provide a best-in-class standard of customer solutions by integrating both businesses into its portfolio of risk management, compliance and data offerings.

20 March 2017

Company update/Mergers and acquisitions

MoneyGram board to consider Euronet counter-bid

MoneyGram (MGI) announced today that its board of directors, after consultation with its outside legal and financial advisors, has determined that the unsolicited proposal received on March 14, 2017 from Euronet Worldwide, Inc. ("Euronet") (EEFT) to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis (the "Euronet Proposal") could reasonably be expected to result in a "Company Superior Proposal" as defined in MoneyGram's merger agreement with Ant Financial Services Group ("Ant Financial").

20 March 2017

Company update/Mergers and acquisitions

FactSet acquires Bisam

FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, announced that it has acquired BISAM Technologies S.A. for $205.2 million from Aquiline Capital Partners and company insiders.

20 March 2017

News/Mergers and acquisitions

Dutch robo-advisor Pritle acquired by BinckBank

Dutch online discount broker BinckBank has acquired robo-advisory startup Pritle for EUR12.5 million.

17 March 2017

News/Mergers and acquisitions

UK competition watchdog tells Diebold Nixdorf to sell off some business

The UK's Competition and Markets Authority (CMA) has ordered Diebold Nixdorf to sell one of its customer-operated ATM businesses.

16 March 2017

News/Mergers and acquisitions

First Data boosts e-commerce biz through Acculynk acquisition

US fintech giant First Data is strengthening its e-commerce hand through the acquisition of Atlanta-based Acculynk. Financial terms of the deal were not disclosed.

16 March 2017

News/Mergers and acquisitions

Euronet sparks MoneyGram bidding war with Ant Financial

Euronet Worlwide is testing the financial firepower and resolve of Alibaba's Ant Financial unit by outbidding the Chinese behemoth's $13.25 per share offer for US money transfer business MoneyGram International.

14 March 2017

Company update/Mergers and acquisitions

Payment Data Systems to acquire Singular Payments

Payment Data Systems (PYDS), an integrated electronic payment solutions provider, today announced that it has entered into a non-binding Letter of Intent to acquire Singular Payments, LLC (“Singular”).

13 March 2017

Company update/Mergers and acquisitions

FSB publishes consultation on UTI governance

The Financial Stability Board (FSB) today published a consultation document on Proposed governance arrangements for the unique transaction identifier (UTI).

13 March 2017

News/Mergers and acquisitions

Vista to buy DH Corp for C$4.8 billion, merge with Misys

Private equity group Vista has sealed a C$4.8 billion deal to acquire Canadian financial software house DH Corp and merge it with fellow portfolio company Misys.

13 March 2017

News/Mergers and acquisitions

Chase to acquire MCX mobile payments tech

JPMorgan Chase has acquired the technology behind failed merchant-backed mobile payment service CurrentC.

13 March 2017

Company update/Mergers and acquisitions

Lantern Credit acquires ARC Machine Learning Library

Lantern Credit, a financial technology company working to solve systematic inefficiencies in the consumer credit industry, is enhancing its proprietary machine learning engine, Beam AI, with the acquisition of the Abstract Regression-Classification (ARC) Machine Learning Library.

10 March 2017

Company update/Mergers and acquisitions

Wirecard completes the acquisition of Citi Prepaid Card Services

Wirecard has today successfully completed the acquisition of the business of Citi Prepaid Card Services previously announced by Wirecard on 29 June 2016.

10 March 2017

Company update/Mergers and acquisitions

Broadridge acquires Message Automation

Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that it has extended its global post-trade control capabilities for sell-side and buy-side firms in capital markets through the acquisition of Message Automation Limited, a leading specialist provider of post-trade control solutions.

09 March 2017

News/Mergers and acquisitions

Customers Bank sells digital unit BankMobile for $175m

BankMobile, a digital banking startup for millennials and the underbanked, is being sold by parent Customers Bank to Florida-based Flagship Community Bank for $175 million in cash.

08 March 2017