NovitasFTCL is pleased to announce that it acted as exclusive financial advisor to the shareholders of RSRCHXchange on its sale to Liquidnet.
Launched in 2015, RSRCHXchange is an award-winning marketplace and aggregator for institutional research. Its platform enables asset management firms to read, purchase and monitor research and analyst interactions from banks, brokers & boutique providers in a more efficient and transparent way. It has grown its user base to over 1,200 buy side firms and over 400 research providers.
Liquidnet is a technology-driven, global institutional investment network. Since its founding in 1999, its network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Its network spans 46 markets across 6 continents and connects institutional brokers, investment banks, exchanges, alternative trading venues, and a growing list of data and research providers.
RSRCHXchange was owned by management, NEX Opportunities (CME Group) and various private investors. Terms are undisclosed. For further information on the transaction, please find below a link to its press release:
This transaction follows on NovitasFTCL's role advising the shareholders of Commcise on its sale to Euronext.
NovitasFTCL has over 45 years of combined experience in the FinTech sector and provides M&A and capital raising advisory services. The company’s partners have advised and completed over 120 transactions across Europe. NovitasFTCL provides clients with extensive industry knowledge, long standing industry contacts and the ability to execute complex and often cross-border transactions. The company is based in London, focuses on the UK and European markets, and maintains numerous relationships in the US. Please refer to NovitasFTCL's website for further information: https://www.novitasftcl.com
