TA Associates Management, L.P., a leading global private equity firm, today announced that it has reached an agreement with the Board of Directors of FD Technologies PLC a company listed on the AIM market of the London Stock Exchange, on the terms of an all-cash acquisition of the entire issued and to be issued ordinary share capital of the company. The acquisition will be completed through a newly formed entity, Bidco, wholly owned by funds advised by TA.

The offer values FD Technologies at approximately £570 million, representing a premium of 27% to the closing price of £19.28 per FD Technologies Share on 6 May 2025, and a premium of 51% to the twelve-month volume-weighted average price of £16.24.

Under the terms of the acquisition, TA will acquire a majority stake in FD Technologies, with existing shareholders retaining a meaningful minority interest. The transaction marks a significant milestone for FD Technologies, following the divestiture of its consulting business in late 2024 and its transition to a pure-play enterprise software company centered on KX.

“KX’s high performance data and analytics software supports fast-moving, data-intensive organizations and is foundational to the AI and analytics stacks of global enterprises,” said Ashok Reddy, CEO of KX. “TA’s strategic and operational expertise will support our mission to accelerate product innovation and deepen our impact across high-growth, high-value verticals.”

“With decades of experience investing in and scaling leading enterprise software companies, TA has developed a deep understanding of what it takes to build enduring platforms,” said Hythem El-Nazer, Co-Managing Partner of TA. “That perspective gives us a strong appreciation for the unique position KX holds in today’s fast-moving, data and AI-driven environment. We believe the company is well positioned to meet the growing demand for real-time insights and help global organizations operate at the speed of data. We’re excited to partner with Ashok and the KX team to accelerate their vision.”

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