ION’s Acquisition of Openlink


UBS Investment Bank acted as exclusive financial advisor to ION and provided committed financing in support of the transaction. Linklaters LLP served as legal counsel to ION. Centerview Partners LLC acted as exclusive financial advisor to Openlink. Simpson Thacher & Bartlett LLP served as legal counsel to Hellman & Friedman and Openlink.

Openlink Financial LLC, a global leader in trading and risk management solutions for the energy, commodities and financial services industries, today announced that ION Investment Group has entered into a definitive agreement to acquire the company from Hellman & Friedman. The transaction is subject to customary approvals.

ION provides trading and workflow automation software solutions to financial institutions, central banks, governments and corporations.

Openlink provides trading and risk management solutions for the world’s most sophisticated commodity, energy, corporate and financial services organizations. The company, led by Rich Grossi, John E. O’Malley, Nancy D. Pearson, Andrew Goodman and Kenneth A. Knowles, is based in NY.

The Simpson Thacher team includes Atif Azher (Picture), Rich Capelouto, Mark Myott, Andy Roy, Mike Deitch and Kira Mandella (M&A – Palo Alto); Clare Gaskell and Charles Leeming (M&A – London); Brian Steinhardt and Sinead O’Shea (Credit); David Rubinsky, Alisa Tschorke and Jason Fixelle (ECEB); Marcela Robledo and Amber Harezlak (Intellectual Property); Katharine Moir and Sophie Staples (Tax); and Peter Thomas, Kelly Karapetyan, Ellen Frye, William Kearney, Jonathan Porter and Vetan Kapoor (Antitrust).

Involved fees earner: Atif Azher – Simpson Thacher & Bartlett; Rich Capelouto – Simpson Thacher & Bartlett; Mark Myott – Simpson Thacher & Bartlett; Andrew Roy – Simpson Thacher & Bartlett; Michael Deitch – Simpson Thacher & Bartlett; Clare Gaskell – Simpson Thacher & Bartlett; Charles Leeming – Simpson Thacher & Bartlett; Brian Steinhardt – Simpson Thacher & Bartlett; Sinead O’Shea – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Alisa Tschorke – Simpson Thacher & Bartlett; Jason Fixelle – Simpson Thacher & Bartlett; Marcela Robledo – Simpson Thacher & Bartlett; Amber Harezlak – Simpson Thacher & Bartlett; Katharine Moir – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; Peter Thomas – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett; William Kearney – Simpson Thacher & Bartlett; Jonathan Porter – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Hellman & Friedman;