- TMX Group (TSX:X:CA) will acquire the remaining ~78% of VettaFi Holdings, a leading US-based, indexing, digital distribution, analytics and thought leadership company, for $848M
- This brings the total amount to be paid for full ownership to $1.03B which includes the strategic investments TMX Group made in VettaFi in H1 2023 for ~22% of the common units.
- The deal accelerates long-term growth strategy as well as financial and transformational objectives.
- The transaction is expected to be financed with committed bank debt up to $1B.
- The transaction is expected to close in January 2024.
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