Intercontinental Exchange Inc.

Intercontinental Exchange Inc. in the sale of Trayport Holdings Ltd. to TMX Group for $931 million

Client

Intercontinental Exchange Inc.

Value

$931 million

Service

Competition/Antitrust - Mergers & Acquisitions

Date Closed

Lead Office

Toronto


 

On October 27, 2017, Intercontinental Exchange ("ICE") announced its sale of Trayport Holdings Ltd. (“Trayport”) to TMX Group Limited ("TMX") in a transaction valued at $931 million. As part of this transaction, TMX will sell Natural Gas Exchange Inc. and Shorcan Energy Brokers Inc. to ICE for $339 million and pay the remaining $592 million value of the deal in cash.

ICE is a US-based, Fortune 500 company that operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets globally.

TMX is an integrated, multi-asset class exchange group that operates cash and derivative markets for multiple asset classes including equities, fixed income and energy. TMX is broadly seeking to expand its business outside of North America and create higher-value services out of the vast amount of data it generates.

Osler, Hoskin & Harcourt LLP represented ICE with a team consisting of Peter Franklyn and Jaime Auron (Competition), Blair Wiley (Securities Regulatory), Damian Rigolo (Employment & Labour) and Paul Litner (Pensions & Benefits).


Team
Peter Franklyn - Competition/Antitrust Lawyer
Key Contact

Peter Franklyn

Partner, Competition/Antitrust & Foreign Investment

Jaime Auron

Jaime Auron

Associate, Competition/Antitrust & Foreign Investment

Blair  Wiley

Blair Wiley

Partner, Corporate

Damian  Rigolo

Damian Rigolo

Partner, Employment & Labour

Paul  Litner - Pensions & Benefits Lawyer in Toronto

Paul Litner

Partner, Pensions & Benefits