Is adenza a good investment?

Adenza brings an attractive financial profile, with approximately $590 million of 2023E revenue, organic revenue growth 1 of approximately 15%, annual recurring revenue growth of 18%, and an adjusted EBITDA margin 1 of 58%.

What is adenza software?

Adenza is a software application provider specializing in capital markets, investment management, central banking, risk management, clearing, collateral and treasury & liquidity. Their integrated suite of trading and risk applications is used by banks and other financial companies.

Why was adenza acquired?

The acquisition of Adenza brings together two world-class franchises steeped in market infrastructure, regulatory, and risk management expertise at a time when financial institutions are navigating some of the most complex market dynamics in history.

How much debt will NASDAQ raise to buy adenza?

Nasdaq will raise about $5.9bn in new debt from a group of banks led by its advisers Goldman Sachs and JPMorgan to finance the purchase of Adenza. S&P downgraded its rating based on the increased debt size after the deal. It described the deal as “notable” for Nasdaq, although “not transformational”.