J.C. Flowers Announces Sale Of Chi-X Asia Pacific To Cboe Global Markets

J.C. Flowers & Co. LLC

PR88676

 

NEW YORK, March 25, 2021 /PRNewswire=KYODO JBN/ --

 

J.C. Flowers & Co. LLC ("J.C. Flowers"), a leading private investment firm

dedicated to investing globally in the financial services industry, announced

today that it has agreed to sell Chi-X Asia Pacific Holdings, Ltd. ("Chi-X Asia

Pacific"), which operates equity trading venues in Australia and Japan, to Cboe

Global Markets, Inc. ("Cboe"), one of the world's largest exchange holding

companies. The terms of the transaction, which is expected to close in the

second or third quarter of 2021, were not disclosed.

 

Headquartered in Hong Kong, Chi-X Asia Pacific is the holding entity for Chi-X

Japan Ltd. ("Chi-X Japan"), a proprietary trading system ("PTS") based in Tokyo

which operates four alternative equity trading venues; Chi-X Australia Ltd.

("Chi-X Australia"), the second largest regulated exchange in Australia which

is based in Sydney, offering trading in equities, and listings and trading in

equity warrants, exchange-traded funds ("ETFs") and listed mutual funds, among

other products; and Chi-X Global Technology Philippines ("Chi-X Philippines"),

the technology service and development platform supporting Chi-X Japan and

Chi-X Australia.

 

Since acquiring Chi-X Asia Pacific in February 2016, J.C. Flowers has enhanced

the technology platform and strengthened the teams in Manila, Sydney and Tokyo.

The firm has fostered the development of new products and services and

substantially improved the outcomes and benefits to participants and clients.

Chi-X Asia Pacific's consolidated gross revenue for its core business has grown

more than 85% under J.C. Flowers' ownership.

 

"In the course of this investment, J.C. Flowers deployed capital, technology,

and human resources to create significant market positions in equity-related

trading in the important markets of Japan and Australia," said Thierry Porte,

Managing Director of J. C. Flowers. "We are gratified to see these efforts

recognized by Cboe, which is known globally for offering cutting-edge trading

and investment solutions. We are confident that Chi-X Asia Pacific will

continue to grow to the benefit of the marketplaces and their participants."

 

Simpson Thacher & Bartlett LLP acted as legal counsel to J.C. Flowers in

connection with the transaction.

 

About J.C. Flowers

J.C. Flowers is a leading private investment firm dedicated to investing

globally in the financial services industry.  Founded in 1998, the firm has

invested more than $16 billion of capital, including co-investment, in 58

portfolio companies in 18 countries across a range of industry subsectors

including banking, insurance and reinsurance, securities firms, specialty

finance, and services and asset management. With approximately $6 billion of

assets under management, J.C. Flowers has offices in New York and London. For

more information, please visit www.jcfco.com.

 

Media Contact:

Jennifer Hurson

Lambert & Co.

+1-845-507-0571

jhurson@lambert.com

 

SOURCE J.C. Flowers & Co. LLC

 

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