M&A · Financials · Buyer's industry: Security & Commodity Brokers, Dealers, Exchanges & Services
Tradeweb Markets Inc. to acquire Institutional Cash Distributors, LLC
Announced Apr 8, 2024 · Closed Aug 1, 2024 · Private target
Deal value$785M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash
Transaction
- Acquirer
- Tradeweb Markets Inc. (TW)
- Target
- Institutional Cash Distributors, LLC
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed Aug 1, 2024
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- JPMorgan, Raymond James, Moelis
- To the target
- Not disclosed
Classification
- Sector
- Financials
- Buyer's industry
- Security & Commodity Brokers, Dealers, Exchanges & Services