Itiviti’s Merger with ULLINK

Dechert LLP is advising Itiviti, backed by Nordic Capital Fund VII, on its intended combination with ULLINK to build a full service technology and infrastructure provider for global and regional financial institutions.

The proposed combination of Swedish based Itiviti, a global leader in trading software for banks and trading firms, offering the full spectrum of sell-side capabilities and ULLINK, a best in class platform for cash equity and derivatives trading solutions, is intended to create a world-leader in capital markets technology with revenues of over $200 million, 1,000 employees and a local market presence in all major markets of Europe, Asia and the Americas.

Itiviti AB, led by Torben Brandt Munch, Tony Falck, Troels Philip Jensen, Jesper Alfredsson and Greg Chambers, was founded in 2016 and is headquartered in Stockholm.

The proposed combination would provide for a merger of two equals, both with market leading technology. The transaction is subject to consultation of the French works council and customary antitrust and regulatory approvals.

The London-based corporate Dechert team advising Itiviti was led by partner Ross Allardice (Picture) supported by senior associates Mark Evans and Tony Brown and associate David Nicholls and trainee solicitor Dan Mansfield.

Involved fees earner: Ross Allardice – Dechert; Mark Evans – Dechert; Tony Brown – Dechert; David Nicholls – Dechert;

Law Firms: Dechert;

Clients: Itiviti AB;