TP ICAP Acquires Neptune Networks to Create Dealer-to-Client Credit Business with Major Banks
June 2, 2025
TP ICAP Group PLC has acquired Neptune Networks and will integrate Neptune's bond pre-trade data with Liquidnet's electronic credit trading platform to form a global dealer-to-client (D2C) credit business. At launch, nine major banks (Barclays, BNP Paribas, Citi, Crédit Agricole CIB, Deutsche Bank, ING, J.P. Morgan, Morgan Stanley and UBS) will hold a combined 30% stake in the new business to align incentives and support growth.
- Buyers
- TP ICAP Group PLC, Barclays, BNP Paribas, Citi, Crédit Agricole CIB, Deutsche Bank, ING, J.P. Morgan, Morgan Stanley, UBS
- Targets
- Neptune Networks
- Industry
- Financial Services
- Location
- United Kingdom
- Transaction Type
- Buyout
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