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FT Partners Advises Clearpool on its Sale to Bank of Montreal

Overview of Transaction

  • On January 22, 2020, Bank of Montreal (BMO) announced that it had signed an agreement to acquire 100% of the outstanding shares of Clearpool Group (“Clearpool”), an Algorithmic Management System transforming electronic trading with a fully customizable suite of trading tools
  • Headquartered in New York, Clearpool empowers market participants by providing greater transparency, efficiency and control through next generation trading technology
  • Clearpool’s solution provides total visibility and control, from strategy to execution, through its cloud-based algorithmic management system, execution and analytics portals
  • Bank of Montreal (TSX, NYSE: BMO) is a highly diversified financial services provider based in North America

Significance of Transaction

  • BMO’s electronic platform (Capital Markets, Securities and Equity) has a successful, fast-growing trading business in Canada, and adding Clearpool’s capabilities in algorithmic management will allow BMO to deliver next-gen trading technology to its global client base

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Clearpool
  • The transaction underscores FT Partners’ successful track record generating highly favorable outcomes for Capital Markets Technology companies
  • This transaction also highlights FT Partners’ expertise in bringing our clients together with world class strategic investors and acquirers