Aquis Exchange plc’s Acquisition Of NEX Exchange Limited

Slaughter and May advised Aquis Exchange plc on its acquisition of NEX Exchange Limited from CME Group Inc. for cash consideration of £1 plus approximately £2.7 million in adjustments to reflect NEX Exchange’s current working capital levels.

The acquisition is subject to approval by the Financial Conduct Authority.

NEX Exchange Limited is a UK-based stock market for growth enterprises and is one of only four equities-focused Recognised Investment Exchanges in the UK.

Aquis Exchange plc is an exchange services group that operates pan-European cash equities trading businesses and develops and licenses exchange software to third parties.

The Slaughter and May team was composed of Corporate partner Richard Smith (Picture) and Richard Faichney (associate); financial regulation partner Nick Bonsall, David Shone (associate)and Natalie Barnes (associate); tax partner Mike Lane and Jamshed Bilimoria (associate); employment partner Padraig Cronin, Simon Clark (associate) and David Pemberton (associate).

Involved fees earner: Natalie Barnes – Slaughter and May; Jamshed Bilimoria – Slaughter and May; Nick Bonsall – Slaughter and May; Simon Clark – Slaughter and May; Padraig Cronin – Slaughter and May; Richard Faichney – Slaughter and May; Mike Lane – Slaughter and May; David Pemberton – Slaughter and May; David Shone – Slaughter and May; Richard Smith – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Aquis Exchange;