TMX Group Limited has agreed to purchase the remaining 78 percent shares of VettaFi Holdings LLC, a US-based, indexing, digital distribution, analytics, and thought leadership company, for approximately $1.15 billion (US$848 million).
WilmerHale LLP is serving as legal counsel, and Evercore is acting as the exclusive financial advisor, to TMX Group. National Bank of Canada, The Toronto-Dominion Bank and Bank of Montreal are providing the new committed credit facilities to TMX Group.
Ropes & Gray LLP is serving as legal counsel, and Barclays is acting as the exclusive financial advisor, to VettaFi.
The deal is expected to be completed in January 2024.
