Latham & Watkins Advises Trumid in US$1.97 Billion Acquisition by Tradeweb

Tradeweb Markets Inc. (Nasdaq: TW) (Tradeweb), a global leader in electronic trading facilitating more than US$3 trillion in value per day across asset classes, announced that it has entered into a definitive agreement to acquire Trumid, a financial technology company and electronic credit trading marketplace, for a purchase price of approximately US$1.97 billion, subject to customary adjustments. Under the terms of the agreement, the total consideration for the transaction will consist of approximately US$1.89 billion of cash, subject to customary adjustments, and US$82 million in equity. The transaction has been unanimously approved by the boards of directors of Tradeweb and Trumid, and is subject to customary closing conditions, including the receipt of applicable regulatory approvals. The closing of the transaction is expected to occur in 2027 following satisfaction of closing conditions.

Latham & Watkins LLP represents Trumid in the transaction with a corporate and M&A deal team led by New York partner Daniel Mun, Washington, D.C. partner Mitch Rabinowitz, and New York counsel Jennifer Wong, with associates Eric Giray, Daniel Maggen, and Nathan Ye. Advice was also provided on corporate matters by Washington, D.C. counsel Masha Smith; on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Dominick Constantino; on benefits and compensation matters by Washington, D.C. counsel Laura Szarmach, with associate Peter Dalmasy; on broker-dealer and FINRA matters by New York counsel Naim Culhaci, with associate Haoyu Gu; on CFTC matters by New York partner Yvette Valdez, with associate Mia Stefanou; on FDI matters by Brussels partners Philipp Studt and Anthemis Economou, with associate Lauren Murray; on intellectual property matters by New York partner Jenny Cieplak; on data privacy and cybersecurity matters by Houston partner Robert Brown, with associates Diya Jajal and Ryleigh Chen; on antitrust matters by Washington, D.C. partners Peter Todaro and Farrell Malone, with associates Ivy Ziedrich and Alexandra Clark; on sanctions matters by Washington, D.C. counsel Ruchi Gill, with associate Dillon Curtis; and on real estate matters by New York partner Justin Elliott and New York counsel Karen Ritter.