Underdog Acquires Aristotle Exchange DCM and DCO

Robinhood and Susquehanna JV Acquires 90% of MIAXdx to Launch CFTC-Licensed Derivatives Exchange

November 30, 2025

Financial Services

Robinhood Markets, in partnership with Susquehanna International Group, formed a joint venture and acquired a 90% controlling stake in MIAX Derivatives Exchange (MIAXdx). The JV plans to use MIAXdx’s CFTC-regulated designated contract market (DCM) and derivatives clearing organization (DCO) infrastructure to expand Robinhood’s prediction markets and derivatives offerings.

Aristotle Capital Management Acquires Pacific Asset Management from Pacific Life

April 17, 2023

Financial Services

Aristotle Capital Management completed the acquisition of Pacific Asset Management LLC from Pacific Life Insurance Company, rebranding the business as Aristotle Pacific Capital, LLC. The deal brings approximately $20–22 billion in assets and adds over 50 professionals to Aristotle’s platform; Pacific Life will retain a minority stake and maintain a strategic partnership.

FalconX Acquires Arbelos Markets

January 2, 2025

Financial Services

FalconX, a leading digital-asset prime broker, acquired crypto derivatives trading firm Arbelos Markets to expand its derivatives business and deepen liquidity and bespoke derivatives capabilities. The deal combines Arbelos's systematic trading and cross-market liquidity with FalconX's client base, balance sheet and regulatory position (FalconX Bravo is a CFTC‑approved swap dealer).

Coinbase Agrees to Acquire The Clearing Company to Expand Prediction Markets Trading

December 23, 2025

Cloud & SaaS

Coinbase has agreed to acquire The Clearing Company, a prediction markets startup, to help Coinbase power and scale prediction markets on its platform. The deal is aimed at accelerating The Clearing Company’s roadmap toward Coinbase’s “Everything Exchange” vision and expanding specialized talent in event-contract trading and market design.

Aldaron Partners and True Wind Capital Acquire DCM Services

March 17, 2025

Professional Services

Aldaron Partners and True Wind Capital have partnered to acquire DCM Services, a Minneapolis-area leader in estate and specialty receivables recovery. The private equity-backed partnership will support DCMS's growth and scale its proprietary Probate Finder technology and outsourced account resolution services across financial services, healthcare and other end markets.

underdog & company (backed by NewSpring Holdings) Acquires Altius Sports Partners

November 6, 2023

Marketing & Advertising

underdog & company, a NewSpring Holdings‑backed marketing and brand experience firm, has acquired Altius Sports Partners, a collegiate athletics advisory and NIL services provider. Playfly Sports sold its minority stake as part of the deal; the acquisition is positioned as an add‑on to underdog's growing platform to expand capabilities across college athletics, NIL programs, and brand campaigns.