Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

Flexpoint Ford Backs Management Buy-Out of Dash Financial Technologies

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/07/2018 | 01:31pm CEST

NEW YORK, March 7, 2018 /PRNewswire/ -- Dash Financial Technologies, provider of one of the industry's most advanced multi-asset trading technology and execution services platforms, today announced that its co-founders, Peter Maragos and David Karat, have partnered with private equity investment firm Flexpoint Ford to acquire the Dash business from private equity firm GTCR in a management-led buyout.

Mr. Maragos will continue to lead the business as CEO and a board member. Steven Begleiter, Managing Director of Flexpoint Ford, will serve as Non-Executive Chairman, and Daniel Edelman, Principal of Flexpoint Ford, will join as a board member.

"This is a very exciting moment for our firm as we embark on the next chapter of growth with a new strategic partner," said Mr. Maragos. "We are incredibly grateful for the contributions and support we received from GTCR and we are thrilled about what this new partnership with Flexpoint Ford will ultimately allow us to do for our clients in the institutional trading community."

"Peter, David and the entire Dash team have done a tremendous job developing this business over the last seven years," said Mr. Begleiter. "With its scale, technology platform and fully transparent model, we believe Dash is uniquely positioned to extend the leadership position it has carved out in this space."

"We have known the Dash management team for some time and look forward to helping them to build upon the firm's significant success to date by both accelerating current organic growth and by pursuing potential adjacent acquisitions, similar to the highly successful LiquidPoint transaction," said Mr. Edelman.

Upon closing, GTCR will complete its investment in Dash, which it began when it architected the 2017 merger of Dash and the LiquidPoint division of Convergex.

"We're happy to see Peter and David partner with Flexpoint Ford, which is a firm we know well and respect greatly," said Collin Roche, Managing Director at GTCR. "We very much enjoyed helping Dash build its business and look forward to watching them continue to succeed."

Since launching in 2011, Dash has grown to become one of the industry's most successful technology partners to the buy side, sell side and exchange communities. Today, Dash executes approximately 14% of OCC volume, its compliance workflow and technology solutions touch an additional 20% of OCC volume and the firm continues to grow market share in the US equities market.

The deal is expected to close in the second quarter, subject to regulatory approvals and the fulfillment of other customary closing conditions.

About Dash Financial Technologies

Dash Financial Technologies is a leading multi-asset trading technology and execution services provider to the institutional trading community. With of a suite of highly customizable tools, Dash designs and delivers intelligent, high performance solutions in four product categories: Trading Technologies, Execution Services, Analytics and Regulatory Technologies. With a relentless focus on transparency, performance and customization, Dash Financial Technologies caters to institutions that require increasingly specialized, complex and adaptable tools to exceed their goals surrounding best execution.

Media Contact

Mark Dowd
Forefront Communications for Dash Financial Technologies
201-376-9687
[email protected]

Cision View original content:http://www.prnewswire.com/news-releases/flexpoint-ford-backs-management-buy-out-of-dash-financial-technologies-300609471.html

SOURCE Dash Financial Technologies


© PRNewswire 2018
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Companies"
08:08aBLOCK COMMODITIES LTD : Placing to Raise £165,000 and Issue of Equity
PU
08:08aPUBLIC POWER : Approval of existing debt refinancing as well as a new credit line by the Greek Banks
PU
08:08aDOHA BANK : Dr. R. Seetharaman Honoured with “EU Business School Leadership Award”
PU
08:08aBPOST : to become an international e-commerce logistics player
PU
08:08aSHIRE : Announces FDA Approval for Label Expansion of CINRYZE® (C1 esterase inhibitor ) for Prevention of Attacks in Pediatric Hereditary Angioedema Patients
PU
08:08aEUROCASTLE INVESTMENT : Announces 2018 AGM Results
PU
08:08aDUNEDIN SMALLER INVESTMENT : Cos Inv Tst PLC - Corporate Action
PU
08:08aSKANSKA : issues SEK 1 billion green bonds for financing commercial development projects
PU
08:08aMEGAFON : reports results for Q1 2018
PU
08:08aCHEMRING : Interim results for the six months to 30 April 2018
PU
Latest news "Companies"