FD Technologies to be Acquired for £570 Million by TA Associates
Deal News | May 08, 2025 | TA Associates
TA Associates, a prominent private equity firm, has announced its agreement to acquire FD Technologies PLC, a company listed on the AIM market of the London Stock Exchange, for approximately £570 million. This strategic acquisition involves funds advised by TA establishing a new entity, Bidco, to acquire FD Technologies' entire issued and to be issued ordinary share capital. The transaction represents a 27% premium over the latest closing price and a 51% premium over the twelve-month volume-weighted average. The takeover follows FD Technologies' transformation into a pure enterprise software company focused on KX, a global leader in time-series and real-time analytics technology. This acquisition aims to leverage TA’s extensive experience in scaling enterprise software companies to meet the increasing global demand for real-time data insights. Legal advice for the deal is being provided by Latham & Watkins, with Jefferies International serving as the financial adviser.
Sectors
- Private Equity
- Enterprise Software
- Financial Services
Geography
- United Kingdom – FD Technologies PLC is listed on the AIM market of the London Stock Exchange.
Industry
- Private Equity – The article involves TA Associates, a major player in the private equity sector.
- Enterprise Software – FD Technologies, focusing on KX, is a key player in the enterprise software sector, specifically within data analytics technology.
- Financial Services – KX software supports financial institutions with real-time analytics.
Financials
- £570 million – Total valuation of FD Technologies by TA Associates for the acquisition.
- 27% – Premium to the closing price of FD Technologies shares as of 6 May 2025.
- 51% – Premium to the twelve-month volume-weighted average price of FD Technologies shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TA Associates Management, L.P. | Acquirer | Company | A leading global private equity firm. |
| FD Technologies PLC | Target | Company | A company listed on the AIM market of the London Stock Exchange, focused on enterprise software. |
| Bidco | Newly Formed Acquisition Entity | Company | An entity wholly owned by funds advised by TA Associates for the purpose of the acquisition. |
| KX | Enterprise Software Division | Company | Specializes in time-series and real-time analytics technology. |
| Latham & Watkins LLP | Legal Adviser | Company | Providing legal advisory services to Bidco and TA Associates. |
| Jefferies International Limited | Financial Adviser | Company | Providing financial advisory services for the acquisition. |