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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

Virtu Financial To Acquire KCG Holdings for $1.4 Billion

Paul, Weiss is representing high-speed trading firm Virtu Financial, Inc. in its approximately $1.4 billion all-cash acquisition of retail electronic trading firm KCG Holdings, Inc. Virtu intends to fund the cash transaction and a debt refinancing with new gross borrowings of $1.65 billion and the sale of $750 million of Virtu’s common stock to an Asian sovereign wealth fund and North Island, a newly formed investment vehicle backed by GIC and PSP and formed by Glenn Hutchins (founder of Silver Lake) and Bob Greifeld (CEO and Chairman of NASDAQ). The transaction is expected to close during the third quarter of 2017.

The Paul, Weiss team included corporate partners Jeffrey Marell, Thomas de la Bastide, Bruce Gutenplan, John Kennedy, Ellen Ching and Neil Goldman and counsel Patricia vaz de Almeida, Stephen Koo, Jonathan Ashtor, Pearl Yuan-Garg and Edward So; employee benefits partner Lawrence Witdorchic and counsel Uri Horowitz; tax partners David Mayo, Patrick Karsnitz, Jeffrey Samuels and Richard Bronstein; litigation partner Andrew Gordon and Andrew Forman and counsel Peter Jaffe; antitrust counsel Marta Kelly; intellectual property partner Chuck Googe; and international trade counsel Richard Elliott.

April 20, 2017

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