DealHub, the London-based foreign exchange trading, processing and business intelligence solution to global financial markets has been acquired by Markit, one of the world's largest financial information services companies.
DealHub was founded by Peter Kriskinans in 1985 as an FX trading service and has today grown internationally with a global client base and offices across London, Singapore and Hong Kong. Clients include leading investment banks like JP Morgan, UBS, HSBC and Deutsche Bank.
The acquisition allows Markit to broaden its FX offering, providing its clients with an end-to-end solution and expand its customer base across banks, brokers and asset managers. The deal secured an outstanding exit for the shareholders, who will continue to support the business under Markit.
The deal team, comprising both corporate finance and transaction tax experts, worked alongside DealHub's shareholders to provide integrated advice.
Transaction involved carving out of noncore entities and dealing with cross-border teams, which we helped to manage, delivering a highly strategic price for the shareholders with potential for considerable future upside.
The Grant Thornton team delivered a seamless solution for the shareholders covering all aspects of the deal. Their understanding of key issues for our business as well as what was important to the buyer really added strategic value for us. They really delivered and were a pleasure to work with.
Peter Kriskinans Founder and CEO, DealHub
