J.C. Flowers to Acquire Asia Pacific Subsidiaries of Chi-X
01.26.16
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Simpson Thacher is representing J.C. Flowers & Co. LLC ("JCF") in connection with its acquisition of 100% of the shares of Chi-X Global Holdings LLC's subsidiaries in each of Australia, Japan and Hong Kong ("Chi-X Asia Pacific"). The transaction, which is expected to close in the first quarter of 2016, is subject to regulatory approvals and other customary closing conditions. Financial terms were not disclosed.
Chi-X Asia Pacific operates proprietary trading systems that serve as alternatives to primary stock exchanges in Australia and Japan. JCF is an international private equity group specialized in investments in the financial services sector.
The Simpson Thacher team includes David Sneider, Sayo Takizawa, Jonathan Stradling, Shannon Itoyama, Edward Linden and Misa Azuma (M&A); Lori Lesser and Monica Chan (IP); Jackie Kahng and Preeta Paragash (Financing); Jason Vollbracht and Judy Yan (Tax); Celia Lam and Carol Chan (Hong Kong Law); and David Vann and Étienne Renaudeau (Competition).