oneZero Financial Systems, a provider of trading technology
solutions, has announced an investment from Golden Gate Capital, a private
equity firm based in San Francisco. Lovell Minnick Partners (LMP), oneZero’s
existing financial partner, will continue to support the company alongside the
new investor.
oneZero Supports Multi-Asset Trading
oneZero, established in 2009 by Andrew Ralich and Jesse
Johnson, supplies technology to brokers, institutional banks, and liquidity
providers. The company’s platform consists of three key components: Hub,
EcoSystem, and Data Source.
Together, these tools manage over $250 billion in average
daily volume, handle 12 million transactions, and process 150 billion quotes
daily. oneZero’s platform provides solutions for pricing, execution,
distribution, and analytics across multiple asset classes.
“Golden Gate Capital’s investment is a seamless
extension of our beneficial relationship with LMP. This next stage investment,
alongside LMP’s continued support, validates the clear opportunity we see to
expand our role as a leading technology partner in the global OTC asset trading
market,” said Ralich.
Golden Gate Invests in oneZero
In 2019, oneZero
partnered with LMP to drive growth, with LMP focusing on expanding
founder-led companies, as reported by Finance
Magnates. The recent investment from Golden Gate Capital aims to further
strengthen oneZero’s financial resources.
Ralich and Johnson will continue in their roles as CEO and
CTO, respectively, and will oversee daily operations and strategic initiatives.
They will remain the largest individual shareholders following the transaction.
“oneZero’s recent momentum reinforces the strength of
its development roadmap and organic growth strategy as it continues to drive
differentiated and intelligent performance for its clients,” said Dan Haspel, a
Managing Director at Golden Gate Capital.
“We are confident that oneZero has the right leadership team
and strategic plan in place to continue this impressive momentum and are
thrilled to support the Company in the next chapter of its growth story.”
Houlihan Lokey acted as oneZero’s exclusive financial
advisor, and Gunderson Dettmer provided legal advice to oneZero and LMP.
Broadhaven Capital Partners served as financial advisor to Golden Gate Capital,
with Paul, Weiss, Rifkand, Wharton & Garrison as its legal advisor.
This article was written by Tareq Sikder at www.financemagnates.com.
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