TISE Agrees to £70.4 Million Acquisition by Miami International Holdings
Deal News | Mar 19, 2025 | PR Newswire Cision MIAX; TISE
Miami International Holdings, Inc. (MIH) has announced a recommended cash offer to acquire The International Stock Exchange Group Limited (TISE) through its subsidiary MIH East Holdings, Limited. The acquisition values TISE at approximately £70.4 million, with MIH East Holdings already owning a 29.46% stake in TISE. This strategic move represents an opportunity for MIH to expand internationally and strengthen its presence in regulated financial markets. The acquisition is expected to enhance TISE's capabilities in both public and private markets, complementing MIH's robust portfolio of securities exchanges and futures trading platforms. The deal awaits approval from TISE's shareholders and regulatory authorities.
Sectors
- Financial Services
- Stock Exchange
Geography
- United States – Miami International Holdings is based in Princeton, N.J., USA, and operates several financial markets including MIAX in the US.
- Guernsey – The International Stock Exchange is headquartered in Guernsey and serves as the primary target of this acquisition.
- United Kingdom – MIH East Holdings, involved in the acquisition, is incorporated in England and Wales.
Industry
- Financial Services – The article involves companies operating as securities exchanges and providing financial markets and services to public and private companies.
- Stock Exchange – TISE is a stock exchange providing financial markets and securities services, while MIH operates several securities exchanges integrated with its proprietary technology.
Financials
- £70.4 million – The total valuation of TISE in the proposed acquisition by MIH.
- £22.50 per share – The cash consideration offered per TISE ordinary share in the acquisition.
- 29.46% – The percentage of TISE's issued ordinary share capital already owned by MIH East Holdings.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Miami International Holdings, Inc. | Bidding Company | Company | A financial services company operating multiple securities and derivatives exchanges, headquartered in Princeton, N.J. |
| The International Stock Exchange Group Limited | Target Company | Company | A stock exchange based in Guernsey providing financial markets and securities services with over 4,400 securities on its Official List. |
| MIH East Holdings, Limited | Subsidiary of Bidding Company | Company | A wholly-owned subsidiary of Miami International Holdings, incorporated in England and Wales, facilitating the acquisition. |
| Thomas P. Gallagher | Chairman and CEO of MIH | Person | Responsible for leading MIH's strategy and expansion initiatives. |
| Anderson Whamond | Chair of TISE | Person | Oversees the operations and strategic direction of TISE. |