About This Deal

Intercontinental Exchange acquired Creditex Group Inc. for US$625 million (approximately $565 million in ICE common stock and $60 million in cash), a transaction announced in June 2008.

Acquired the credit default swap execution and processing innovator to scale ICE's OTC credit derivatives clearing and post-trade services amid rising demand for CDS processing. Announced June 3, 2008 and completed in 2008.

Acquired the credit default swap execution and processing innovator to scale ICE's OTC credit derivatives clearing and post-trade services amid rising demand for CDS processing. Announced June 3, 2008 and completed in 2008.

Deal Terms

Acquirer
Intercontinental Exchange
Target
Creditex Group Inc.
Value
US$625 million (approximately $565 million in ICE common stock and $60 million in cash)
Date
June 2008
Type
Full acquisition
Status
Completed

Transaction Details

Announced
June 3, 2008

In Their Words

The transaction consideration will total $625 million comprising approximately $565 million in ICE common stock and $60 million in cash.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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