Slaughter and May is advising Aquis Exchange plc on its acquisition of NEX Exchange Limited05 Jul 2019
Slaughter and May is advising Aquis Exchange plc on its acquisition of NEX Exchange Limited from CME Group Inc. for cash consideration of £1 plus approximately £2.7 million in adjustments to reflect NEX Exchange’s current working capital levels.
The acquisition is subject to approval by the Financial Conduct Authority.
Aquis Exchange plc is an exchange services group that operates pan-European cash equities trading businesses and develops and licenses exchange software to third parties. NEX Exchange Limited is a UK-based stock market for growth enterprises and is one of only four equities-focused Recognised Investment Exchanges in the UK.
Corporate Richard Smith (partner), Richard Faichney (associate); Financial Regulation: Nick Bonsall (partner), David Shone (associate), Natalie Barnes (associate); Tax: Mike Lane (partner), Jamshed Bilimoria (associate); Pensions & Employment: Padraig Cronin (partner), Simon Clark (associate), David Pemberton (associate)
List of all recent work