Miami International Holdings’ Acquisition of Minneapolis Grain Exchange


Willkie Farr & Gallagher LLP served as legal counsel to MIH, while DLA Piper LLP served as legal counsel to MGEX in the transaction.

Miami International Holdings, Inc. (MIH), the parent holding company of the MIAX Exchange Group™, and the Minneapolis Grain Exchange (MGEX), a Designated Contract Market and Derivatives Clearing Organization, completed its acquisition of MGEX for a combination of cash and MIH common stock. MGEX will continue as a wholly owned subsidiary of MIH.

With this acquisition, MIH adds a well-established futures platform on which to continue its expansion and which will allow MIH to list both options and futures on new products that will be exclusive to its exchanges.

Established in 1881, MGEX is one of the oldest trading venues in America and historically concentrated on trading in agricultural products, including hard red spring wheat contracts.

The Willkie team advising MIH was led by partners James Burns (Picture) and Laura Delanoy, and included associates Tej Prakash and Augustine Donati.

DLA Piper LLP advised MGEX with a team led by Peter Ekberg and Mary Sennes.

Involved fees earner: Peter Ekberg – DLA Piper; Mary Sennes – DLA Piper; James Burns – Willkie Farr & Gallagher; Laura Delanoy – Willkie Farr & Gallagher; Augustine Donati – Willkie Farr & Gallagher; Tej Prakash – Willkie Farr & Gallagher;

Law Firms: DLA Piper; Willkie Farr & Gallagher;

Clients: Miami International Holdings; Minneapolis Grain Exchange;

Author: Ambrogio Visconti