On August 22, 2023, Abel Noser Solutions, LLC, a leading provider of transaction cost analysis for investment managers, brokers, asset owners and consultants, announced that it is being acquired by Trading Technologies International Inc. Abel Noser is a majority-owned portfolio company of Estancia Capital Management. Seward & Kissel is pleased to be representing Abel Noser and Estancia Capital in connection with this analytics and brokerage industry transaction.

Trading Technologies is a technology platform provider to the global capital markets industry. Their TT® platform connects to the world’s major international exchanges and liquidity venues in listed derivatives alongside a growing number of asset classes, including fixed income and cryptocurrencies. Abel Noser is an industry leader providing transaction cost analysis and brokerage solutions to improve trading performance through best execution. Estancia Capital Partners is a 100% employee-owned private equity firm that invests in financial services companies with durable, capital-light business models in financial technology, tech-enabled business services, wealth and asset management.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping” and “also handles complex middle-market deals in the media industry and international sell-side M&A.“

The company’s press release describing this transaction is available here.