It’s official—after a few weeks of speculation, SS&C Technologies has announced that it is acquiring Eze Software from TPG Capital, further consolidating the order and execution management system (OEMS) space. The deal, which is expected to close in the fourth quarter of 2018, is valued at $1.45 billion—or about or about 10.8x pro forma Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)—with SS&C funding the merger through a combination of cash and short-term loan
The founder and CEO of Imperative Execution looks at how trade execution is changing and what that means for the buy side.Subscribe to Weekly Wrap emails
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