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Archive for Tag: fintech

Bitcoin

Mar 9, 2016

Fintech – Taking Humans out of the Equation and Blockchain Fever

Blockchain, Fintech, In the News, Startup , , 0 Comments

There’s been a lot of talk about how hot the fintech space is – fintech venture investment has grown 3x since 2014, driven by a new wave of virtualization of financial services by technology companies. In 2013, traditional finance companies invested $2.4B in fintech ventures; that amount is expected to double to $4.7B by 2018. In the US, the financial sector has grown from 6.2% of GDP in 2008 to 7.1% in 2015. Gartner says that this sector is the largest consumer of technology, representing 18% of the global spend in IT. The fintech sector is hot. But what’s driving it?

Feb 29, 2016

Payment Technology Fundraising and M&A Transactions Already Setting a Record Pace in 2016

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Through early February, announced capital raising and M&A transactions in the payment technology sector have already exceeded $7 billion. If this pace continues, transaction value could exceed the $47 billion in 2015. The question is: given the volatility in the public equity markets, difficulties in the technology IPO market and macroeconomic concerns, will the transaction activity continue? We think it will.

Dec 1, 2015

FinTech Disruptors Drive Visa and Visa Europe Combination

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Earlier this month, Visa Inc. announced that it had entered into an agreement to acquire Visa Europe for €21.2 billion (upfront consideration: €11.5 billion in cash and €5.0 billion in convertible preferred stock; contingent consideration: €4.7 billion). We believe this transaction makes strategic sense for Visa, and the valuation multiples were not as high as some have reported. Nevertheless, the integration, particularly related to technology, will be challenging as reflected by the $450 to $500 million in integration costs expected over the next 5 years. In addition, the ability for Visa Europe to move from a bank-owned, cooperative pricing model…

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Oct 28, 2015

ICE Preempts IDC IPO Paying More than 5x Revenue to Acquire Interactive Data

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On the morning of October 26, Intercontinental Exchange, Inc. (NYSE: ICE) announced that it has entered into an agreement to acquire Bedford, Massachusetts-based Interactive Data Holdings Corporation (“IDC”). According to the company, the transaction was valued at an enterprise value of $5.2bn or about 5.5x LTM revenue and 13.8x LTM EBITDA. Wow! We like IDC. They have a strong franchise in the data business for portfolio managers as well as several other market leading businesses. And there’s no question that this transaction is strategic for ICE. ICE will be able to tap into IDC’s wide array of fixed income data…

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