S&C Advises KCG Holdings, Inc. in Acquisition of Neonet Securities AB

July 27, 2016

S&C client KCG Holdings, Inc. announced that it had entered into a definitive agreement to acquire Neonet Securities AB, an independent agency broker and execution specialist based in Stockholm, Sweden. The transaction is subject to customary regulatory and other approvals and is expected to close later in 2016. 

Founded in 1996, Neonet provides a comprehensive suite of advanced algorithmic trading, smart order routing and sales trading primarily in European equities across 30 public and private markets to approximately 200 clients in more than 20 countries.  KCG is an independent securities firm that provides market making and agency execution services and venues to investors and also engages in principal trading through exchange-based market making.  The acquisition will strengthen KCG's reach in continental Europe and will enable both KCG's and Neonet's clients to access a more complete range of international execution services and capabilities.

The S&C team representing KCG was led by Mr. Fishman.