LSEG to acquire Acadia for improved Post Trade offering

By Gloria Methri

London Stock Exchange Group plc (LSEG) has agreed to acquire Acadia, the risk management provider for the derivatives community. The acquisition is in line with LSEG’s strategy to enhance its multi-asset Post Trade offering for the uncleared derivatives space.

Acadia was established in 2009 and provides risk management, margining, and collateral services to global financial institutions for the uncleared derivatives markets. Its products span all OTC derivative asset classes and provide direct connectivity to over 2,000 market participants. The company enables over $1 trillion in collateral exchanges daily.

LSEG has held a minority stake in Acadia since 2018 and has supported the business in driving substantial growth in recent years. The acquisition will further strengthen LSEG’s provision of financial market infrastructure to its customers. Following completion, Acadia will be part of LSEG’s Post Trade division, with CEO, Chris Walsh reporting to Daniel Maguire, Group Head of Post Trade, LSEG.

Daniel Maguire, Group Head, Post Trade, LSEG & CEO, LCH Group said: “The acquisition of Acadia is part of LSEG’s strategy to enhance and grow our multi-asset Post Trade offering for the uncleared derivatives space. Our customers are looking for more ways to optimise their financial resources, and Acadia’s services enable significant efficiencies in risk management, margining, and collateral.”

Chris Walsh, CEO of Acadia added: “This transaction is a significant milestone for our business, and we are delighted to be joining LSEG. They have a strong track record serving the derivatives marketplace and combining this with Acadia’s expertise in risk mitigation, margining and collateral will result in exciting opportunities for our clients to optimise their post-trade operations more efficiently.”

Barclays is acting as the sole financial adviser to LSEG while Broadhaven is acting as the sole financial adviser to Acadia in relation to the transaction.