Walkers advises TISE on £70.4m acquisition by MIH

Our Guernsey and Jersey teams have advised The International Stock Exchange Group Limited (TISE) on their £70.4m acquisition by Miami International Holdings, Inc. (MIH), alongside lead counsel Ashurst. The acquisition was effected by way of a Guernsey Court-sanctioned scheme of arrangement.
 
TISE, which is based in Guernsey, is best known as one of Europe’s major professional bond markets whilst MIH is a technology-driven leader in building and operating financial marketplaces.
 
Our Guernsey team, which advised on the Guernsey law elements of the transaction, was led by Investment Funds & Corporate partner Craig Cordle and senior counsel Charlotte Goncalves with support from Insolvency & Dispute Resolution partner Adam Cole and associate Kellie Sherwill.
 
Our Jersey team, which advised on the Jersey law elements of the transaction including competition law, was led by Regulatory & Risk senior counsel Sian Langley with support from Insolvency & Dispute Resolution partner Richard Holden.
 
Craig Cordle said: "We are delighted to have been able to provide TISE with business-critical advice and services across Guernsey and Jersey and multiple practice groups on such an important transaction. We are looking forward to seeing TISE strengthen further as a result of the acquisition."
 
Sian Langley added: "We're thrilled to have been involved in such an exciting acquisition. It is a great transaction for TISE, and another example of Walkers' collaborative approach and teamwork across practice groups to get results for our clients."