To fund the deal, TP ICAP will launch a rights issue to raise $425 million. 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, The Liquidnet purchase is intended to boost TP ICAP’s long-term revenue growth and underlying operating margins. The total consideration of the transaction includes cash consideration of $525m, subject to customary adjustments, paid during the closing of transaction, … TP ICAP agrees to purchase Liquidnet. TP ICAP PLC. Liquidnet, which has more than 1,000 buyside clients, will help TP ICAP’s digital push, the company said. 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 transaction accelerates the delivery of the three pillars of TP ICAP’s strategy – aggregation, electronification and diversification. 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. In announcing its third quarter results, TP ICAP reiterated that the deal is expected to “transform” its earnings profile. Non-contingent deferred debt in the form of a vendor … 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. Joanna Nader, group head of strategy at TP ICAP, ran though several opportunities the business had ahead of it. TP ICAP agrees Liquidnet purchase. Proposed Acquisition of Liquidnet. TP ICAP has signed on the dotted line to acquire Liquidnet, an institutional investment network operator headquartered in New York. Adria Calatayud. Under the terms of the transaction, the buyer will pay a cash consideration of USD 525.00 million for the business. 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. 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. 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. Nicolas Breteau. 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 , the world's biggest inter-dealer broker, said on Tuesday it was in advanced talks to buy electronic trading network Liquidnet Holdings … TP ICAP acquires Liquidnet. 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. “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. 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 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. 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. London Stock Exchange. In addition, a non-contingent deferred sum of USD 50.00 million … 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. London Stock Exchange plc is not responsible for and does not check content on this Website. 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