Flexpoint Ford To Sell DASH Financial Technologies To ION Investment Group
Flexpoint Ford is to sell US options technology and execution provider DASH Financial Technologies to ION Investment Group.
Steve Begleiter and Daniel Edelman, both Managing Directors at Flexpoint Ford, said: “DASH has built the leading technology and execution platform in the options space. We very much enjoyed working with them; they did a tremendous job of executing on both organic growth initiatives as well as accelerating growth through acquisition efforts.
Andrea Pignataro, ION's CEO said: "DASH's solutions optimize and improve execution quality and transparency for both the buy-side and sell-side. DASH was built on the ethos of great technology, deep domain expertise and strong customer service. DASH’s team is additive to the DNA of our ION Markets division, particularly with their domain expertise in options and customer-centric approach.”
Flexpoint Ford originally got involved with DASH in 2018 when it backed the management buyout of the firm - led by DASH co-founders co-founders, Peter Maragos and David Karat - from GTCR.
Kirkland & Ellis LLP served as legal counsel to Flexpoint Ford and DASH. The deal is subject to the usual approvals.
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