About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Hg Acquires Stakes in SmartTrade

Subscribe to our newsletter

French trading platform supplier SmartTrade last month quietly announced that private equity firm Hg had acquired stakes in the company from existing investors Keensight Capital and Pléiade Venture. SmartTrade isn’t saying much about the deal but in a statement reported that the existing management team under CEO David Vincent will remain in place and as investors.

Hg is an established investor in software businesses. It has form in the trading technology space, having been an investor in Ullink prior to its sale to Itiviti.

In its statement, SmartTrade said Hg will support the company’s innovation and R&D philosophy. It said the company has seen rapid growth in recent years with subsidiaries in London, Geneva, Milan, New York, Tokyo and Singapore.

For its part, Hg has been investing in capital markets and wealth and asset management technology for almost 20 years and has known the smartTrade team since 2015. Hg’s investment will be made from the Mercury 2 Fund. The investment represents the firm’s seventh investment in technology businesses serving the capital markets and wealth and asset management sectors, including previous investments such as FE fundinfo, a global fund data and technology leader, based in London and Zurich, and Ullink.

Ullink received a significant investment from Hg Capital in 2014, which subsequently decided to divest its stake and opened the door to the acquisition by Itiviti.

Hg was advised on the SmartTrade investment by White & Case, Deloitte and Bryan, Garnier & Co. smartTrade was advised by Arma Partners and Hoche Partners. The proposed investment is subject to French workers’ council consultations and customary clearances.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

Date: 20 May 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining...

BLOG

Optimal Launches Options Execution Platform Built on Competitive Allocation Model

Optimal Market Technologies the US-registered broker-dealer focused on options execution, has launched a new US listed options execution platform backed by several leading global market makers, introducing a model designed to allocate order flow based on measured execution performance rather than fixed or single-counterparty arrangements. The platform combines an options Alternative Trading System (ATS) with...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

Practicalities of Working with the Global LEI

This special report accompanies a webinar we held on the popular topic of The Practicalities of Working with the Global LEI, discussing the current thinking around best practices for entity identification and data management. You can register here to get immediate access to the Special Report.