AI English summary of an SEC filing — figures as filed
FactSet FDSFactSet said it announced the acquisition of LiquidityBook on February 10, 2025 for a gross purchase price of $246.5 million in cash, and that the deal closed on February 7, 2025.
Key points
AI summaryFactSet said it announced the acquisition of LiquidityBook on February 10, 2025 for a gross purchase price of $246.5 million in cash, and that the deal closed on February 7, 2025.
The company said it funded the acquisition with borrowings under its existing revolving credit facility. It said the deal is expected to be modestly dilutive to fiscal 2025 GAAP and adjusted diluted EPS.
FactSet said LiquidityBook provides cloud-native trading solutions to hedge fund, asset and wealth management, outsourced trading, and sell-side middle office clients, and operates a proprietary FIX network. According to the company, LiquidityBook was founded in 2005 and has approximately 70 employees worldwide.
The company said it had worked with LiquidityBook for the past 1 years to integrate LiquidityBook's order management system (OMS) into the FactSet Workstation. It said the acquisition adds OMS and investment book of record (IBOR) capabilities, strengthening the link between the front office and the middle office.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Acquisition of LiquidityBook and Gross Purchase Price of $246.5 million
FactSet said it announced the acquisition of LiquidityBook on February 10, 2025 for a gross purchase price of $246.5 million in cash, and that the deal closed on February 7, 2025.
Source · Based on the filing body and exhibits
Funded by Borrowings Under Revolving Credit Facility
The company said it funded the acquisition with borrowings under its existing revolving credit facility. It said the deal is expected to be modestly dilutive to fiscal 2025 GAAP and adjusted diluted EPS.
Source · Based on the filing body and exhibits
LiquidityBook's Business and Scale
FactSet said LiquidityBook provides cloud-native trading solutions to hedge fund, asset and wealth management, outsourced trading, and sell-side middle office clients, and operates a proprietary FIX network. According to the company, LiquidityBook was founded in 2005 and has approximately 70 employees worldwide.
Source · Based on the filing body and exhibits
Combining OMS and IBOR Capabilities and Existing Partnership
The company said it had worked with LiquidityBook for the past 1 years to integrate LiquidityBook's order management system (OMS) into the FactSet Workstation. It said the acquisition adds OMS and investment book of record (IBOR) capabilities, strengthening the link between the front office and the middle office.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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