LSEG to acquire Quantile Group

London Stock Exchange Group (LSEG) is to acquire Quantile Group (Quantile).

The acquisition aims to accelerate Quantile Group’s product development, the launch of new services, expanding its network to better serve its clients.

The transaction is expected to close in 2022, subject to regulatory approvals.

As part of LSEG, Quantile will operate as a standalone entity within the post-trade division, reporting to Daniel Maguire, LSEG’s group head of post-trade. Quantile will continue to be led by its CEO and co-founder, Andrew Williams.

Established in 2015, Quantile has more than 80 employees, with offices in London, New York and Amsterdam.

In January 2021, the company received US$51 million in growth investment from Spectrum Equity, a leading growth equity firm focused on internet-enabled software and information services companies.

Commenting on the acquisition, Williams says: “We are really pleased to announce this news, which demonstrates how far Quantile has come in a very short time. Quantile and LSEG share many of the same values, including a culture of innovation and a critical focus on service excellence, and this agreement will enable us to innovate further and faster to deliver optimisation services for the market.”

He added, “Clients continue to face new challenges and there is immense capacity for Quantile to help maximise efficiency and better manage risk, capital and funding requirements through our multilateral optimisation services. We look forward to the next stage of our journey as we continue to evolve and deliver the best service to our clients.”

Daniel Maguire, group head, post-trade, LSEG and CEO at LCH Group, comments: “The acquisition of Quantile builds on the strong growth delivered by LSEG and our post-trade division. I look forward to working with Andy and his team at Quantile to further support innovation for the market and develop our businesses.”