tp icap liquidnet

To fund the deal, TP ICAP will launch a rights issue to raise $425 million. Acquiring Liquidnet is a unique opportunity to transform TP ICAP’s growth prospects by materially accelerating the execution of our electronification, aggregation, and diversification strategy.. Liquidnet is a cash Equities dark/block trading global specialist, with a growing Fixed Income presence. Adria Calatayud. October 9, 2020 Craig Gambol Zephyr. Website users are responsible for checking content. Liquidnet Overview Leading Global Electronic Trading Network Transaction is highly complementary to TP ICAP & will accelerate delivery of our strategy & boost our growth trajectory Trusted brand and partner to the buy-side for ~20 years —Buy-side clients collectively manage ~$33tn1 equity & fixed income assets —Integrated client end-to-end workflow via desktop applications, FIX, Non-contingent deferred debt in the form of a vendor … Friday October 9, 2020 8:39 am. Originally, the company wanted to buy Liquidnet for £460 million, as per its bid in September. The total consideration of the transaction includes cash consideration of $525m, subject to customary adjustments, paid during the closing of transaction, … Proposed Acquisition of Liquidnet. TP Icap was the FTSE 250’s biggest faller after it set out plans to slash its dividend to fund a takeover of Liquidnet. Outlining the rationale behind the deal, TP ICAP added that it sees clear potential to build on Liquidnet’s agency-only model with its own dealer relationships, connectivity, and product suite. Interdealer broker and trading services provider TP ICAP outlined its future plans at its Capital Markets Day on Tuesday 1 December, to develop low touch trading across asset classes, and to facilitate dealer-to-client trading through the acquisition of block-trading platform Liquidnet. TP ICAP is in the process of acquiring institutional trading network and dark pool operator Liquidnet for $700 million in a bid to boost its electronic and low-touch trading capabilities. London Stock Exchange plc is not responsible for and does not check content on this Website. TP ICAP has agreed definitive terms to acquire institutional trading network and dark pool operator Liquidnet for up to $700 million, shortly after confirming discussions for the takeover. TP ICAP agrees to purchase Liquidnet. Liquidnet, which has more than 1,000 buyside clients, will help TP ICAP’s digital push, the company said. TP ICAP has signed on the dotted line to acquire Liquidnet, an institutional investment network operator headquartered in New York. In announcing its third quarter results, TP ICAP reiterated that the deal is expected to “transform” its earnings profile. The investment of between £25m and £30m to build the new platform will be funded from Liquidnet’s cashflow. London-based broker TP ICAP has agreed to buy equities trading businness Liquidnet.The group will pay between $575 million and $700 million for the New-York-based company. It represents a transformational opportunity for TP ICAP to diversify its business mix, accelerate the upward shift of its revenue growth profile and improve underlying operating margin. Released 07:00:02 09 October 2020 09 October 2020. Liquidnet has a strong position as a specialist in dark trading for equities as an agency-only block trading platform, and has been expanding in fixed income, with increasing data science capabilities in its investment analytics division. Joanna Nader, group head of strategy at TP ICAP, ran though several opportunities the business had ahead of it. The transaction accelerates the delivery of the three pillars of TP ICAP’s strategy – aggregation, electronification and diversification. Interdealer broker TP ICAP is in advanced discussions to take over block-trading equity and bond trading market operator Liquidnet for US$700 million. The world’s largest inter-dealer broker, TP ICAP plc (LON: TCAP) said on Friday that it will acquire Liquidnet (electronic trading network) for £441 million to £537 million. Proposed Acquisition of Liquidnet . TP ICAP agrees Liquidnet purchase. The Liquidnet purchase is intended to boost TP ICAP’s long-term revenue growth and underlying operating margins. TP ICAP said that it has agreed to buy electronic trading network Liquidnet Holdings for between $575m and $700m, in a deal that will be partly funded via a $425m rights issue. “Acquiring Liquidnet is a unique opportunity to transform TP ICAP’s growth prospects by materially accelerating the execution of our electronification, aggregation, and diversification strategy,” TP ICAP CEO, Nicolas Breteau said in a statement. “We will add TP ICAP’s dealer connectivity to Liquidnet’s buy-side electronic network to create a powerful dealer-to-client competitor,” added Breteau. TP ICAP expects to complete the deal in the first quarter of 2021. TP ICAP , the world's biggest inter-dealer broker, said on Tuesday it was in advanced talks to buy electronic trading network Liquidnet Holdings … TP ICAP PLC (LON:TCAP) today announces that it is in advanced discussions relating to the proposed acquisition of the entire issued share capital of technology-driven, global electronic trading network Liquidnet Holdings, Inc. In addition, a non-contingent deferred sum of USD 50.00 million … TP ICAP has agreed to buy US equities trading business Liquidnet in a $575m deal that pushes the London broker into the share trading market. Under the terms of the transaction, the buyer will pay a cash consideration of USD 525.00 million for the business. “We believe that TP ICAP’s strong dealer relationships and product expertise are highly complementary to Liquidnet’s electronic capabilities and global buyside customer base,” TP ICAP Chief Executive Officer Nicolas Breteau said. The acquisition will be financed by USD525 million cash payable on completion and derived from a rights issue of USD425 million and additional debt of USD100 million. Commenting on the Acquisition, Nicolas Breteau, CEO, TP ICAP, said: “Acquiring Liquidnet is a unique opportunity to transform TP ICAP’s growth prospects by materially accelerating the execution of our electronification, aggregation and diversification strategy. Content on this Website dark trading Liquidnet is a premier, technology-driven, electronic! Of it and diversification is a technology-powered institutional investment network operator headquartered in York... Expects to complete the deal in the form of a vendor … TP,. 1,000 buyside clients, will help TP ICAP is in advanced discussions to take over block-trading and. The company said opportunities the business and £30m to build the new platform will be funded from Liquidnet ’ digital. 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