BMO Financial Group’s Acquisition of Clearpool Group

BMO Capital Markets acted as financial advisor and Debevoise & Plimpton LLP and Osler, Hoskin & Harcourt LLP acted as legal counsel to BMO. Financial Technology Partners acted as financial advisor and Morgan, Lewis, & Bockius LLP, Murphy & McGonigle and Stikeman Elliott LLP acted as legal counsel to Clearpool.

BMO Financial Group (NYSE, TSX: BMO) has entered into a definitive agreement to acquire Clearpool Group Inc.

The transaction is subject to receipt of required regulatory approvals and other customary conditions and is currently expected to close in the calendar second quarter. Terms were not disclosed.

Founded in 2014, Clearpool Group is a New York-based provider of holistic electronic trading solutions and an independent agency broker-dealer operating in the U.S. and Canada. Its Algorithmic Management System (AMS) provides a fully customizable suite of algorithmic trading tools designed to service the best execution needs of institutional clients. Clearpool is a 2019 Waters Rankings Winner – Best Algorithmic Trading Provider and a recipient of the 2019 Markets Choice Awards – Best Algorithmic Trading Company.

BMO Capital Markets is a leading, full-service North American-based financial services provider offering corporate, institutional and government clients access to a complete range of products and services including equity and debt underwriting, corporate lending and project financing, mergers and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading.

The Debevoise team was led by M&A partner Gregory Gooding (Picture) and includes banking partners Gregory Lyons and Jeffrey Robins and associates Narine Atamian, Sandeep Dhaliwal, Clare Lascelles, Justin Maffett and David Saltzman, tax partner Michael Bolotin and associates Samuel Duncan and Molly Klinghoffer, benefits partner Meir Katz, intellectual property partner Henry Lebowitz and associate Benjamin Sundholm and antitrust counsel Kyra Bromley.

Involved fees earner: Nariné Atamian – Debevoise & Plimpton; Molly Bailey Klinghoffer – Debevoise & Plimpton; Michael Bolotin – Debevoise & Plimpton; Kyra Bromley – Debevoise & Plimpton; Sandeep Dhaliwal – Debevoise & Plimpton; Samuel Duncan – Debevoise & Plimpton; Gregory Gooding – Debevoise & Plimpton; Meir Katz – Debevoise & Plimpton; Clare Lascelles – Debevoise & Plimpton; Henry Lebowitz – Debevoise & Plimpton; Gregory Lyons – Debevoise & Plimpton; Jeffrey Robins – Debevoise & Plimpton; Benjamin Sundholm – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: BMO Financial Group;

Author: Ambrogio Visconti