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