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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 Sell BondPoint to Intercontinental Exchange

Paul, Weiss is representing Virtu Financial, Inc. in the sale of its fixed income trading venue BondPoint to Intercontinental Exchange. The transaction is subject to applicable regulatory reviews and approvals. Under the terms of the agreement, Virtu will receive $400 million in cash upon the close of the transaction, the net after-tax proceeds of which will be used to repay a portion of Virtu’s outstanding term loan.

Virtu Financial is a leading technology-enabled market maker and liquidity provider to the global financial markets. BondPoint is a leading provider of electronic fixed income trading solutions for the buy-side and sell-side offering access to centralized liquidity and automated trade execution services through its ATS, linking more than 500 financial services firms.

The Paul, Weiss team includes corporate partners Jeffrey Marell, John Kennedy and Thomas de la Bastide and counsel Patricia Vaz de Almeida and Stephen Koo; litigation partner Andrew Forman; intellectual property partner Chuck Googe; employee benefits counsel Uri Horowitz; and antitrust counsel Marta Kelly.

October 24, 2017

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