Historical transaction: Nasdaq completed its acquisition of Adenza

Nasdaq (NDAQ) completed its acquisition of Adenza, a provider of mission-critical risk management, regulatory reporting, and capital markets software to the financial services industry, from Thoma Bravo, a leading software investment firm. On this international matter, Adenza, a portfolio company of Thoma Bravo, was advised by Ellex law firms in the Baltics.

Ellex cooperated with the international law firm Kirkland & Ellis, which led the client’s transaction globally. The client entrusted Ellex’s Banking and Finance practice to obtain regulatory permissions from the Bank of Lithuania for Nasdaq Vilnius and the Bank of Latvia for Nasdaq Riga.

The acquisition advances Nasdaq’s transformation, further expanding the company’s capabilities to support the world’s financial institutions with mission-critical solutions designed to manage risk and compliance, strengthen integrity, and enhance market and trading infrastructure.

The total value of the transaction is 10.5 billion. USD in cash and shares of common stock.

In Lithuania, the project was led by senior associate Domantas Gudonis together with associate Jurgita Žiaušytė and partner Giedrius Stasevičius. Accordingly, senior associate Beata Plociņa led the project in Latvia with associate partner Marta Cera, and senior associate Kaspars Oļševskis, while counsel Gerd Laub advised the client in Estonia together with partner Martin Mäesalu.