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Penningtons Manches advises the shareholders of OTAS Technologies on sale to Liquidnet

Posted: 01/08/2017


The corporate team at Penningtons Manches has advised the shareholders of OTAS Technologies Limited, including a London-based family investment office and a number of private individuals, on the sale of the company to Liquidnet.

OTAS is a market leading analytics platform that delivers market intelligence and context to institutional traders and portfolio managers. It was launched in 2011 and more than 60 financial institutions use its platform.

Liquidnet is a global institutional trading network that accesses on average $41 billion in liquidity daily across 44 markets and is used by more than 850 of the world’s top asset managers to execute their equity and fixed income trades.

This is the latest in a series of deals in the fintech sector that the team has advised on. Partner Matt Martin led the Penningtons Manches team, supported by Elisa De Carolis and Alex Dempster. He commented: “We’re proud to have worked with the OTAS shareholders on this disposal. It was a pleasure to support them throughout the process. Liquidnet is a dynamic, ambitious company and OTAS’ current clients will now benefit from a complete intelligence platform.”


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Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority.

Penningtons Manches Cooper LLP