FT Partners Advises on $200 Million Sale of Wombat Financial Software
Overview of Transaction
- On January 14, 2008 NYSE Euronext ("NYSE") entered into an agreement to acquire Wombat Financial Software ("Wombat")
- Transaction announced for approximately $200 million in cash
- Transaction is expected to close early second quarter 2008 and is expected to be accretive to NYSE's 2009 earnings
- NYSE will now be able to integrate and link the messaging and data platforms to offer new solutions for smart order routing, risk management, DMA and other applications
- This strategic acquisition broadens NYSE's offering of comprehensive market-agnostic connectivity, transaction and data-management solutions to customers globally by integrating Wombat's industry-leading data enterprises
- NYSE will add Wombats offerings to their existing offerings of execution, content and distribution services to enable customers to effectively and efficiently manage that content
- Transaction further highlights the recent trends and challenges for financial institutions that demand efficient technologies to meet their low latency data feed needs
- FT Partners acted as exclusive strategic and financial advisor to Wombat Financial Software and its Board of Directors
- FT Partners played a significant role in executive level negotiations