Liquidnet is a premier, technology-driven, global electronic trading network with more than 1,000 buyside clients 1. Released 07:00:02 09 October 2020 09 October 2020. 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 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. Originally, the company wanted to buy Liquidnet for £460 million, as per its bid in September. London Stock Exchange. In addition, a non-contingent deferred sum of USD 50.00 million … Website users are responsible for checking content. TP ICAP agrees Liquidnet purchase. 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. “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. The total consideration of the transaction includes cash consideration of $525m, subject to customary adjustments, paid during the closing of transaction, … Adria Calatayud. In announcing its third quarter results, TP ICAP reiterated that the deal is expected to “transform” its earnings profile. Liquidnet, which has more than 1,000 buyside clients, will help the broker’s digital push, it said today. 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. To fund the deal, TP ICAP will launch a rights issue to raise $425 million. TP ICAP agrees to purchase Liquidnet. Liquidnet is a technology-powered institutional investment network with specialisation in equities dark trading Liquidnet is an electronic trading network based in the US. Nicolas Breteau. TP ICAP also expressed plans of raising £326 million via a rights issue to fund the announced acquisition. (Credit: Pexels from Pixabay.) London Stock Exchange plc is not responsible for and does not check content on this Website. TP ICAP PLC. 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. The investment of between £25m and £30m to build the new platform will be funded from Liquidnet’s cashflow. On 9 October 2020, TP ICAP announced that it had agreed definitive terms to acquire Liquidnet, a US-based operator of a dark trading venue, for up to USD700 million. TP ICAP acquires Liquidnet. 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. FTSE 250-listed TP Icap, the world's biggest interdealer broker, said it has agreed to pay between $575million (£444million) and $700million (£540million) for New-York based Liquidnet. The transaction accelerates the delivery of the three pillars of TP ICAP’s strategy – aggregation, electronification and diversification. TP ICAP, the world's biggest inter-dealer broker, said on Tuesday it was in advanced talks to buy electronic trading network Liquidnet Holdings Inc for $600 million to $700 million. 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. 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 has signed on the dotted line to acquire Liquidnet, an institutional investment network operator headquartered in New York. TP ICAP PLC. “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. 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. Friday October 9, 2020 8:39 am. 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. 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. 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. “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. Interdealer broker TP ICAP is in advanced discussions to take over block-trading equity and bond trading market operator Liquidnet for US$700 million. 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. Non-contingent deferred debt in the form of a vendor … TP ICAP expects to complete the deal in the first quarter of 2021. By. Under the terms of the transaction, the buyer will pay a cash consideration of USD 525.00 million for the business. TP ICAP today confirmed plans to acquire private trading operator Liquidnet as the world’s largest interdealer broker continues with the ambitious growth plans outlined by its new management earlier this year. Proposed Acquisition of Liquidnet. 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. 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. “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. Joanna Nader, group head of strategy at TP ICAP, ran though several opportunities the business had ahead of it. Liquidnet, which has more than 1,000 buyside clients, will help TP ICAP’s digital push, the company said. UK-based TP ICAP has signed an agreement to acquire 100% stake in global electronic trading network Liquidnet, for a total consideration of between $575m and $700m. TP ICAP said via a statement that the discussions are on the purchase of the entire issued share capital of Liquidnet and its subsidiaries for between $600 million and $700 million. 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 the world's largest inter-dealer broker and acts as an intermediary between sophisticated market participants who are seeking to buy and sell financial products in markets where there are no centralised exchanges or market makers, such as over-the-counter or bond markets. October 9, 2020 Craig Gambol Zephyr. 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