7RIDGE Acquires American Financial Exchange (AFX)

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

January 13, 2025

Financial Services

Intercontinental Exchange (ICE) has acquired 100% of the American Financial Exchange (AFX) from 7RIDGE. The purchase brings AFX's interbank lending marketplace and the AMERIBOR benchmark into ICE's broader index and mortgage technology network to expand capabilities for regional, midsize and community banks.

7RIDGE Acquires Trading Technologies

October 31, 2021

Cloud & SaaS

7RIDGE, a specialized growth equity firm, has agreed to acquire Trading Technologies International, a provider of high-performance professional trading software and a SaaS trading platform. The investment will fuel Trading Technologies' organic growth, support its SaaS product roadmap and enable targeted strategic acquisitions while the company remains independent under new ownership.

Merit Capital Partners and Fulton Capital Acquire AFX, Inc.

March 7, 2024

Manufacturing

Merit Capital Partners and Fulton Capital partnered with AFX management to acquire AFX, Inc., a Waukegan, Illinois-based designer, assembler and distributor of contemporary and decorative lighting fixtures. Merit provided subordinated debt and equity to support the transaction; the deal positions AFX to continue expanding sales and improving operations across its commercial, residential and hospitality end markets.

MarketAxess Acquires LiquidityEdge

November 4, 2019

Financial Services

MarketAxess Holdings Inc. completed the acquisition of LiquidityEdge on November 1, 2019 for approximately $150 million (about $100 million cash plus 146,450 shares of MarketAxess common stock). The purchase adds an electronic U.S. Treasuries marketplace and broker-dealer capabilities to MarketAxess' fixed-income trading platform, expanding its treasury trading and hedging capabilities for institutional clients and dealers.

Raymond James Financial Acquires SumRidge Partners

July 5, 2022

Financial Services

Raymond James Financial has completed the acquisition of SumRidge Partners, a technology-driven fixed income market maker, adding its institutional market-making operation and trading technologies to Raymond James' Fixed Income Capital Markets division. SumRidge, based in Jersey City, New Jersey with about 45 employees, will operate within FICM under co-founders Tom O'Brien and Kevin Morano, who will become senior managing directors.

Thoma Bravo and 7RIDGE Invest in Trading Technologies

November 10, 2025

Cloud & SaaS

Thoma Bravo has closed an investment in Trading Technologies, joining existing investor 7RIDGE in the company's ownership to support the next phase of platform expansion and product innovation. Terms were not disclosed; advisors to the transaction included Houlihan Lokey and Barclays for Trading Technologies and Ardea Partners and Goodwin Procter for Thoma Bravo.