Miami International Holdings Announces Execution Of Purchase Agreement To Acquire Ledgerx

Apr 25, 2023•about 2 years ago

Acquiring Company

Miami International Holdings

Acquired Company

LedgerX

PrincetonFinancial Services

Description

Miami International Holdings, Inc. (MIH), owner of Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), Minneapolis Grain Exchange, LLC (MGEXTM), The Bermuda Stock Exchange (BSX), and Dorman Trading LLC, today announced that it has entered into a purchase agreement (the Purchase Agreement) to acquire all of the issued and outstanding membership interests of LedgerX, LLC (LedgerX) from Ledger Holdings, Inc. (LHI) in connection with the bankruptcy proceedings involving FTX Trading Ltd. and certain of its affiliated entities, pursuant to which LHI is a party.

Company Information

Company

Miami International Holdings

Location

Princeton, West Virginia, United States

About

MIH is the parent holding company of Miami International Technologies, LLC (MIAX Technologies) and MIAX Global, LLC (MIAX Global). MIAX Technologies is MIH’s technology subsidiary for the sale and/or license of the trading technology developed by the MIAX Exchange Group. MIAX Global focuses on merger, acquisition and joint venture activities of MIH. MIAX Global also provides technology and other services outside of North America, with its initial concentration being on Europe and Latin America.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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