Houlihan Lokey Advises Broadridge Financial Solutions

Houlihan Lokey is pleased to announce that Broadridge Financial Solutions (Broadridge) has acquired Itiviti from Nordic Capital for €2.143 billion. The transaction closed 12 May 2021.

Itiviti is a leading global capital markets technology service provider offering highly scalable solutions that deliver significant cost savings for financial institutions by enabling them to consolidate their trading infrastructure. The company’s modular order execution management systems (OEMS) support multi-asset class, global trading across both principal and agency trading operations. Itiviti’s Connect and Trade solution portfolios offer comprehensive tools to support both connectivity, reflective of the growing importance of FIX as the financial markets’ universal language, and adaptivity to changing market dynamics and regulatory demands. Headquartered in Stockholm, Sweden, with offices in 16 countries, the company serves over 2,000 customers across 50 countries, including several top-tier banks, brokers, trading firms, and asset managers.

Broadridge is a global fintech leader with over $4.5 billion in revenues, providing the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. Broadridge delivers technology-driven solutions to banks, broker-dealers, asset and wealth managers, and public companies. Broadridge’s infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge’s technology and operations platforms underpin the daily trading of (on average) more than US$10 trillion of equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 12,000 associates in 17 countries.

Houlihan Lokey served as the financial advisor to Broadridge. This transaction builds on Houlihan Lokey’s market-leading position in the fintech sector. Other recent Houlihan Lokey transactions in the industry include acting for Admiral Group on the sale of Penguin Portals to RVU; B2C2 on its sale to SBI Holdings; Rockall Technologies on its sale to Broadridge; Barracuda FX on its sale to Broadway; and EQT on its acquisition of RIMES.