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On January 9, 2017, S&P Global (NYSE: SPGI) announced it had finalized the sale of Quant House SAS (QuantHouse) to a company owned by Pierre Feligioni, one of QuantHouse’s original founders.
“Zelig Associates advised us on the sale of QuantHouse to S&P Global in 2012 and produced a terrific outcome for the founders and shareholders,” says Pierre Feligioni. “I am delighted we trusted them again to successfully structure and negotiate this complex transaction, which will allow us to regain focus and flexibility to exploit growing market opportunities in North America, Europe and Asia.”
QuantHouse has developed a strong global platform in recent years, with its expansion into new geographies such as Asia and the delivery of a series of market innovations in ultra-low latency market data and algorithmic trading. QuantHouse’s talented management team will remain with the company as it enters this new phase of its growth.
The terms of the transaction were not disclosed.
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