TA Associates to exit RGM Advisors

DRW Holdings LLC has agreed to buy RGM Advisors. Financial terms weren’t announced. TA Associates is the seller. RGM, of Austin, is a quantitative trading firm.

August 16, 2017 10:33 AM Eastern Daylight Time
CHICAGO–(BUSINESS WIRE)–DRW Holdings, LLC (“DRW”) and RGM Advisors, LLC (“RGM”) today announced that DRW has agreed in principle to acquire Austin, TX-based principal trading firm RGM. Financial terms were not disclosed.
“RGM is a well-known and well-respected market participant with a talented team and trading strategies that are complementary to our own,” said Don Wilson, Founder and CEO of DRW. “Bringing our companies together creates significant opportunity in equities trading, research and technology infrastructure, which will bolster liquidity and innovation in those markets. We are excited to work with the RGM team and become part of the Austin community.”
“DRW is an industry leader known for being on the right side of innovation in the markets,” said Richard Gorelick, Co-Founder and CEO of RGM. “Combining our firms is a natural fit that benefits our company and the markets more broadly. I am incredibly proud of what we have built over the past 16 years, and look forward to partnering with DRW.”
Subject to final due diligence, the transaction is expected to close at the end of September.
About DRW
DRW is a diversified principal trading firm, trading its own capital at its own risk across a range of asset classes, instruments and strategies in markets around the world. As the markets have evolved over the past 25 years, so has DRW, growing to include real estate, venture capital and cryptocurrencies. Founded in 1992 by Don Wilson, DRW has more than 750 employees in Chicago, London, Montreal, New York and Singapore. For more information, visit www.drw.com.
About RGM
RGM Advisors, LLC is a quantitative trading firm headquartered in Austin, TX that applies scientific methods and cutting-edge technology to equities trading. Founded in 2001 by Richard Gorelick, Robbie Robinette and Mark Melton, RGM uses machine learning, big data analysis techniques, and expansive computing resources to extract information and build systems that respond to real-time market events.