Intercontinental Exchange (ICE) Acquires American Financial Exchange (AFX)

7RIDGE Acquires American Financial Exchange (AFX)

April 18, 2023

Financial Services

7RIDGE, a specialized growth equity firm, has acquired 100% of the American Financial Exchange (AFX) to accelerate growth of the AFX platform and expand adoption of its AMERIBOR benchmark. The transaction preserves a Cboe Global Markets subsidiary as a service provider to AFX and aims to deepen AFX’s role as a provider of credit-sensitive benchmarks to U.S. banks and financial institutions.

Intercontinental Exchange Acquires Ellie Mae from Thoma Bravo

August 6, 2020

Financial Services

Intercontinental Exchange (ICE) entered into and completed an agreement to acquire Ellie Mae, the cloud-based mortgage origination platform, from private equity firm Thoma Bravo for approximately $11 billion. The transaction (closed September 4, 2020) expands ICE's mortgage technology capabilities by integrating Ellie Mae's digital lending platform into ICE Mortgage Technology and combines origination, post-closing and registry solutions across the U.S. mortgage lifecycle.

Intercontinental Exchange Acquires risQ and Level 11 Analytics

December 9, 2021

Data & Analytics

Intercontinental Exchange (ICE) has acquired climate- and geospatial-data analytics firms risQ and Level 11 Analytics to expand its climate risk and alternative data capabilities for U.S. fixed income, municipal and mortgage-backed securities markets. The acquisitions bring risQ's and Level 11's geospatial mapping and ESG analytics into ICE's data and analytics offerings to enhance climate-risk measurement and investment decision tools.

FLEETCOR Acquires Associated Foreign Exchange (AFEX)

September 17, 2020

Payments & Fintech

FLEETCOR Technologies, Inc. announced it will acquire Associated Foreign Exchange (AFEX), a global cross-border payments and FX risk management provider, to strengthen its corporate cross-border payments capabilities and complement its Cambridge Global Payments business. AFEX serves more than 35,000 customers and processes over $22 billion in annual volume; the deal was signed in September 2020 and expected to close in early 2021 subject to regulatory approvals.

Advisor Group Acquires Infinex Financial Holdings

May 19, 2022

Financial Services

Advisor Group has signed a definitive agreement to acquire Infinex Financial Holdings, the holding company of a broker-dealer that supports banks, credit unions and institution-based advisors. Infinex, headquartered in Meriden, Connecticut, oversees roughly $30 billion in client assets and more than 750 financial professionals; the deal expands Advisor Group's presence in the financial institution channel and is subject to FINRA and other regulatory approvals.

Intercontinental Exchange (ICE) Acquires Urgentem

July 21, 2022

Data & Analytics

Intercontinental Exchange (ICE) has acquired Urgentem, a provider of global corporate emissions and climate transition data, to expand ICE's climate risk and sustainable finance offerings. Urgentem supplies Scope 1, 2 and 3 GHG emissions data and analytics for over 30,000 public and private securities; terms were not disclosed and the deal is not expected to be material to ICE's financials.