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

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

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 infrastructure can take months and absorb significant budget before a single model is tested. At the...

BLOG

Implementing Events-based Trading and Prediction Markets

By Jon Light, Senior Director of Product Management at Devexperts. The current surging interest in prediction markets is leading to a general reevaluation of this type of trading, with many financial services firms now questioning whether to offer events-based trading to their own users. To date, several high-profile firms have moved to incorporate prediction markets...

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...