Tradeweb to Acquire Trumid, Expanding Tradeweb’s Credit Capabilities Across the Entire Bond Lifecycle and Further Differentiating its Multi-Asset Class Platform
Tradeweb Markets has agreed to acquire electronic credit trading marketplace Trumid for approximately $1.97 billion, comprising $1.75 billion for the business and roughly $220 million of acquired tax assets. Consideration is roughly $1.89 billion in cash — funded primarily with cash on hand — plus $82 million in equity. The deal is expected to be accretive to Tradeweb's adjusted EPS within the first full year after closing, with accretion increasing as expense synergies are realized.
Key figures
- Deal Value Usd
- 1970000000
- Expected close
- first half of 2027
- Tax asset value
- approximately $220 million
- Cash consideration
- $1.89 billion
- Equity consideration
- $82 million
- Daily notional traded
- $3.0 trillion
AI analysis
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