TA Associates, a US private equity giant, acquired a stake in the capital of List spa, a developer of software solutions for the financial industry and one of the major providers of technology for the capital markets in Europe (see here the press release).
Founded in 1985 in Pisa by chairman and ceo Enrico Dameri, the company has dveloped platforms and solutions for trading on financial markets, which have been milestones in the evolution of Trading Systems. LIST has also created integrated solutions for managing risk, audit and governance of organizations and financial processes (governance, risk and compliance). The company reached 50.1 million euros in revenues in 2017 and 21.1 millions in ebitda with a positive net financial position of 46.3 millions (see here an analysis by Leanus, after free registration and login).
Following the acquisition three TA Associates’ representatives will enter LIST’s Board od directors: managing directors J. Morgan Seigler and Naveen Wadhera and the vicepresident Stefan Dandl.
TA Associates was advised by Latham & Watkins as for legal issues and by Kpmg as financial advisor, while Nctm and Studio MCCR advised LIST, respectively on legal and financial issues.
