SM&B tech team provide expert advice for Europe’s leading stock-exchange operator

The Tech, IP and Digital Rights team at SM&B worked alongside Watson Farley & Williams (WFW) in providing specialist technology advice for the purchase of a majority stake in FinTech firm Commcise by Euronext, the leading pan-European stock exchange operator.

Euronext have acquired 78% of the capital of London-based Commcise, a Software as a Service (SaaS) provider of solutions for financial services. Acquiring Commcise’s cloud-based research commission software was a key driver of the deal, so the transaction required specialist SaaS, FinTech, Intellectual Property and Digital Platforms input from our experts.

SM&B’s team was led by Partner Neal Hodges, supported by Senior Associate Raoul Lumb and Associate Ben Ifrah. The deal was valued at £27m and completed in December 2018.