Miami International Holdings Completes Acquisition of TISE
Deal News | Jun 06, 2025 | PR Newswire Cision MIAX
Miami International Holdings, Inc. (MIH) has finalized its acquisition of The International Stock Exchange Group Limited (TISE) through its subsidiary, MIH East Holdings, Limited. The acquisition was executed via a Court-sanctioned scheme of arrangement under Guernsey law, valuing TISE at approximately £70.4 million ($91.5 million). This strategic move is intended to bolster MIH's international footprint and capabilities, particularly in European securities markets. Thomas P. Gallagher, Chairman and CEO of MIH, highlighted the significance of this acquisition for MIH’s international growth strategy. TISE is recognized as one of Europe's foremost professional bond markets, listing a multitude of high-yield and structured finance products. The acquisition is expected to enhance TISE's market credentials and broaden its service offerings with MIH's support. Renowned for its Qualified Investor Bond Market, TISE provides services to both public and private companies and is headquartered in Guernsey, Channel Islands. Legal and financial advisors involved in the transaction included Reed Smith LLP, Ashurst LLP, Mourant Ozannes LLP, Walkers LLP, Zeus Capital Limited, and Investec Bank plc.
Sectors
- Financial Services
- Securities Exchange
- Mergers and Acquisitions
Geography
- United States – Miami International Holdings, Inc. is based in Princeton, New Jersey, USA.
- Guernsey – TISE is headquartered in Guernsey, Channel Islands, where the acquisition legally took place.
- United Kingdom – MIH East Holdings, the subsidiary through which the acquisition was made, is incorporated in England and Wales.
Industry
- Financial Services – The acquisition involves companies in the financial markets and securities services, focusing on stock exchanges and securities listings.
- Securities Exchange – Both MIH and TISE operate within the securities exchange industry, involving the trading and listing of financial products.
- Mergers and Acquisitions – The article discusses an acquisition transaction between two financial entities.
Financials
- $91.5 million – The valuation of The International Stock Exchange Group Limited in the acquisition by MIH.
- £22.50 per share – The cash consideration per TISE ordinary share paid by Miami International Holdings, Inc.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Miami International Holdings, Inc. | Acquirer | Company | Parent company of MIAX, involved in securities trading and exchanges, headquartered in Princeton, N.J. |
| The International Stock Exchange Group Limited | Target Company | Company | A major professional bond market in Europe, providing financial and securities market services, headquartered in Guernsey. |
| Thomas P. Gallagher | Chairman and CEO | Person | Chairman and CEO of Miami International Holdings, leading the acquisition strategy. |
| Reed Smith LLP | Legal Advisor to MIH | Company | English legal advisor to Miami International Holdings for the acquisition. |
| Mourant Ozannes LLP | Legal Advisor to MIH | Company | Guernsey legal advisor to Miami International Holdings for the acquisition. |
| Ashurst LLP | Legal Advisor to TISE | Company | English legal advisor to The International Stock Exchange Group Limited. |
| Walkers LLP | Legal Advisor to TISE | Company | Guernsey legal advisor to The International Stock Exchange Group Limited. |
| Zeus Capital Limited | Financial Advisor to MIH | Company | Provided financial advising services to Miami International Holdings for the acquisition. |
| Investec Bank plc | Financial Advisor to TISE | Company | Provided financial advising services to The International Stock Exchange Group Limited. |
| Cees Vermaas | CEO | Person | CEO of The International Stock Exchange Group Limited. |