Pico says the brand new capital infusion might be used to pursue strategic M&A alternatives, following earlier purchase outs of complementary market expertise firms Corvil Analytics and Redline Buying and selling Options.
Jarrod Yuster, chairman, founder and CEO of Pico, says: “Golden Gate Capital’s deep monetary providers expertise and observe document of profitable acquisitions at their portfolio firms will assist advance our technique.”
Based in 2009, Pico offers providers together with buying and selling cloud infrastructure internet hosting to monetary market individuals, together with 24 of the highest 25 banks, 36 exchanges, and a number of hedge funds and digital buying and selling companies.
Current strategic traders and shoppers embrace Goldman Sachs Asset Administration, Wells Fargo Strategic Capital, J.P. Morgan, UBS, CE Innovation Capital, DRW Enterprise Capital, Intel Capital, Singapore-based world investor EDBI, Nomura and Chicago Buying and selling Firm.
Pico was beforehand set to go public by means of a $1.75 billion merger with fintech entrepreneur Betsy Cohen’s special-purpose acquisition firm (Spac). Cohen, one of many largest gamers within the fintech Spac period, terminated the settlement earlier this 12 months, citing a failure by the expertise providers agency to ship required monetary info.,After being pressured to scrap a proposed IPO in February, US-based monetary infrastructure firm Pico has picked up a $200 million funding from personal fairness agency Golden Gate Capital.,
