April 12, 2018 | Announcements

GCA Advises the Chicago Stock Exchange on Its Acquisition by Intercontinental Exchange

GCA is pleased to announce that our client, the Chicago Stock Exchange, has entered into a definitive agreement to be acquired by Intercontinental Exchange, a leading operator of global exchanges and clearing houses. This acquisition is our latest in the Financial Services and Technology sector, as we recently advised Finanzen on its sale to Eli Global and Asahi Fire & Marine Insurance on its sale to Rakuten.

The Chicago Stock Exchange Inc. (“CHX”) is a full-service national securities exchange with robust, high-performance technology. CHX offers cost-efficient trading in more than 8,300 listed securities.

Intercontinental Exchange Inc. (“ICE”) operates global exchanges and clearing houses and provides data and listing services. The parent company of the New York Stock Exchange, ICE raises more capital than any other exchange in the world.

“We are pleased to enter this agreement with the world’s leading exchange operator,” said John Kerin, CEO and President of CHX. “ICE is a proven innovator in the Exchange space and we are looking forward to joining its family of exchanges.”

The transaction is subject to regulatory approvals and is expected to close in 2018. Terms of the transaction were not disclosed.

About GCA
GCA is a global investment bank that provides strategic M&A, capital markets and private funds advisory services to growth companies and market leaders. The firm offers worldwide coverage with over 400 professionals in 18 offices across America, Asia and Europe. Built by the people that run the business, GCA is a firm of experts who focus on deals that require commitment, original perspective, skill and exceptional networks. Learn more at www.gcaglobal.com.

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