Advised Ubitrade, a provider of electronic trading and back office solutions, on its sale to GL TRADE
Dec 2004
acquired by
  • Sector: Fintech, WealthTech & InsurTech
  • Deal Type: Strategic Deals; Venture Capital Exits
  • Engagement type: Sellside
  • Size: <$200m

– Ubitrade SA is a privately held company, leader in electronic trading and back office solutions for derivatives instruments

– Ubitrade services approximately 100 clients and employs 140 people based in Paris, London, Frankfurt, Chicago and Sydney, with a development centre in Tunisia

– The company’s core products are Ubix and Tradix. It also has a distribution agreement with Fermat, a French risk management company

– GL Trade (Bourse de Paris: GLTD.LN) provides electronic financial trading software for exchange connectivity, real-time multi-market trading, and office tools for trading professionals worldwide

– The company has over 1,000 staff located in 26 offices on five continents serving over 3,500 clients including 500 major international financial institutions

– Founded in 1987, GL Trade experienced turnover of €185m in their last fiscal year

– This acquisition allows GL Trade to become the first market player to offer a fully integrated front to back office solution for the derivatives market; the full integration of the Ubitrade product range Ubix, Tradix and the distribution agreement with Fermat, will complete GL Trade’s front to back multi-instrument solution and increase its risk management expertise

– In addition, the acquisition strengthens GL Trade’s geographic reach, particularly in Germany and the US, provides GL Trade with an offshore R&D platform based in Tunisia and enhances its management team

– Ubitrade will gain a worldwide sales network which should accelerate the company’s growth

– Arma Partners worked closely with Unitrade in preparing for an exit following approaches that had been received

– Arma Partners helped the Company and its shareholders analyse its strategic options, negotiate an all-cash deal with GL Trade and complete a transaction in a short time frame