Itiviti wants to merge with Ullink, in a $650M deal backed by Nordic Capital

Sweden M&A 28 November 2017
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Itiviti, a Stockholm, Sweden-based provider of trading infrastructure and solutions for banks and trading firms, announced the intention to combine with French-based ULLINK to build a full service technology and infrastructure provider for global and regional financial institutions.

The arrangement would provide for a merger of two equals, both with market leading technology, in a result company with revenues of over $200M, 1,000 employees and a local market presence in all major markets of Europe, Asia and the Americas.

The deal is backed by Itiviti owner, Nordic Capital, which announced the acquisition of Ullink from Hg Capital for $650M, in a bet on rising demand for electronic-trading software as the global financial industry faces greater regulatory scrutiny.

Itiviti, led by CEO Torben Munch, was founded in 2016, as a merger of equals between Orc Group and CameronTec Group, both owned by Nordic Capital. The company provides trading software for banks and trading firms, offering the full spectrum of sell-side capabilities.

ULLINK, headquartered in Paris, France and led by CEO Didier Bouillard, manages a best in class platform for cash equity and derivatives trading solutions.