J.C. Flowers to buy Chi-X Australia, Chi-X Japan and Chi-Tech Hong Kong

Chi-X Global Holdings LLC said Sunday it is selling Chi-X Australia, Chi-X Japan and Chi-Tech Hong Kong to J.C. Flowers & Co. Financial terms weren’t announced. Chi-X Global operates market centers in Australia, Canada and Japan while Chi-Tech provides technology services to its business lines.


NEW YORK – January 24, 2016 – Chi-X Global Holdings LLC today announced that J.C. Flowers & Co. LLC has entered into an agreement to acquire Chi-X Australia, Chi-X Japan and Chi-Tech Hong Kong.


Financial terms of the transaction were not disclosed. The acquisition is expected to close in Q1 2016, pending regulatory clearances.


Tal Cohen, CEO of Chi-X Global, said: “We are pleased to announce that J.C. Flowers & Co. has agreed to acquire Chi-X Australia, Chi-X Japan and Chi-Tech. Over the past five years, Chi-X has established itself as an integral part of the financial markets in Asia Pacific through our commitment to competition and innovation.”


“J.C. Flowers & Co. has a deep appreciation for these markets and shares our vision of leveraging technology to develop innovative market-level solutions that enhance investor performance,” said Mr. Cohen. “We believe that Chi-X will continue to deliver greater choice and cost-effective solutions to investors and issuers as J.C. Flowers & Co. builds on the Chi-X brand.”


“The Chi-X businesses have established themselves as successful and innovative alternatives to primary exchanges,” said Thierry Porte, Managing Director, J.C. Flowers & Co.  “Their superior technology, service and trade execution performance will continue to drive positive change and improve markets where they operate. We hope to accelerate this growth through continued enhancements to the platform, including new investment products and markets, and by leveraging our strong relationships throughout the Asia Pacific region.”


J.C. Flowers & Co. is exclusively focused on investments in the global financial services sector and has been an active investor in the Asia Pacific region for nearly two decades.  The Firm’s current investments include Shinsei Bank of Japan; KT Capital Corporation, a Korean non-bank finance company; and SICOM Ltd., a provider of financial solutions and advisory services in India.


About Chi-X® Australia

A subsidiary of global market operator Chi-X Global Holdings LLC, Chi-X Australia offers a valuable alternative for trading ASX securities using its low latency, high performance, proven trading system. Its launch introduced to the Australian market innovative new orders types, the potential for lower costs and a more efficient way to trade.


About Chi-X® Japan

Chi-X Japan provides investors with a more efficient market alternative through its innovative pricing model, advanced order types, risk management tools and colocation services. As a registered PTS (Proprietary Trading System), Chi-X Japan aims to attract new investors, in turn increasing overall Japanese market volumes, reducing transaction costs and improving investment performance.


About Chi-X® Global Holdings LLC

Owned by a consortium of major financial institutions, Chi-X Global operates market centers in Australia, Canada and Japan. Chi-Tech, the technology services unit of Chi-X Global, provides technology to its business lines and the Chi-FX.


About J.C. Flowers & Co. LLC

J.C. Flowers & Co. is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has invested more than $10 billion of capital in 42 portfolio companies in 15 countries. In addition, J.C. Flowers & Co. has generated more than $4 billion of co-investment opportunities since inception. J.C. Flowers & Co. invests across a range of deal types and industry sectors including banking, insurance and reinsurance, securities, services and asset management, and specialty finance. With approximately $8 billion of assets under management, J.C. Flowers & Co. has offices in New York and London. For more information visit jcfco.com/.