London based FinTech Liquidnet will be acquired in a deal worth between £444-540mn.
In Brief:
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It will be acquired by TP ICAP, a professional intermediary.
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The deal is set to complete in Q1 of next year.
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Liquidnet provides FinTech solutions for institutional asset managers.
What does this mean?
The deal will create a global financial markets infrastructure provider that will still be based in the UK. Liquidnet says the deal not only underscores the strong future of the business, but will enable it to better serve customers and deliver innovative solutions.
