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- Tradeweb Completes $785M Acquisition of ICD, Expands into Corporate Treasury Market
Tradeweb Completes $785M Acquisition of ICD, Expands into Corporate Treasury Market
Slice of Finance Team
08 Aug
Key Highlights:
$785 million all-cash acquisition of ICD completed.
Tradeweb adds corporate treasury as a fourth client channel.
Access to $2+ billion addressable market post-acquisition.
Expected to be accretive to adjusted earnings per share over 12 months.
Enhances corporate treasury solutions with Tradeweb integration.
Source (Business Wire)
Notable Quote:
“We are excited to complete the acquisition of ICD and launch corporates as a new client channel, offering a key new avenue for growth and building on our strong presence across our other core markets.”
Our Take:
Tradeweb's acquisition of ICD marks a strategic expansion into the corporate treasury market, adding a significant fourth client channel to its already robust portfolio. This move not only opens up a substantial $2+ billion addressable market but also aligns with Tradeweb’s mission of continuous innovation and exceptional client service. By integrating ICD’s advanced technology, Tradeweb is poised to provide enhanced solutions for corporate treasury organizations, optimizing yield and duration management while leveraging its international presence to accelerate growth. This acquisition is expected to be accretive to Tradeweb’s adjusted earnings per share, underscoring the financial prudence of this strategic expansion.