NovaSparks Gets New Backer in MBO Deal, Eyes Options Data & FPGA Trading Capabilities

Max Bowie
@MaxBowie
27 Jul 2020

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NovaSparks has completed a management buy-out (MBO) from its former private equity owner, and found a new backer to help accelerate its expansion, while growing employees’ stake in the company.

The move gives French asset manager Peninsular Capital control of 51% of NovaSparks, which specializes in field-programmable gate array (FPGA) ticker plant and feed handler appliances. Additionally, existing management and staff will double their stake from around 20% to just over 45%. Michaël Lévy, a 30

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