| Client: | London Stock Exchange Group (“LSEG”) Global capital markets player and sole shareholder of MillenniumIT, Sri Lanka |
| Target: | Systems integration division of MillenniumIT The leading systems integrator in Sri Lanka |
| Acquirer: | Ambeon Capital PLC A diversified Sri Lankan corporate |
| Deal Size: | US$ 11m (Enterprise Value: US$ 15m) |
| Context: | LSEG acquired MillenniumIT in 2009 as part of its technology strategy - MillenniumIT had two divisions - capital markets technology and the systems integration. In 2016, LSEG resolved to divest the systems integration business, as it was non-core and negatively impacted the consolidated balance sheet |
| Asia Securities’ Role | Exclusive sell side advisor, managed all aspects of the transaction and carve out of the business unit. Also supported management of complex staff dynamics critical to the success of the transaction |
| Transaction Strategy | An international auction process, in accordance with LSEG’s governance requirements |
| Transaction outcome |
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