CHICAGO, March 20 /PRNewswire/ -- Houlihan Smith & Company, Inc. acted as financial advisor in the sale of Greenline Financial Technologies, Inc. ("Greenline") to MarketAxess Holdings Inc. ("MarketAxess" /Nasdaq: MKTX). MarketAxess, an operator of a leading electronic trading platform for U.S. and European high-grade corporate bonds, emerging markets bonds and other types of fixed-income securities, has acquired Chicago- based Greenline for total consideration of $42.0 million in cash and stock, consisting of $35.0 million in cash and MarketAxess shares valued at $7.0 million, with additional cash consideration of up to $3.0 million contingent on attainment of certain earn-out targets.
"The team at Houlihan Smith & Company put in a lot of hard work to help get the deal done and saw it through until the end. I look forward to working on another deal in the future with Houlihan," said Braden Janowski, President and CEO of Greenline.
Greenline Financial Technologies, Inc. specializes in providing systemic innovation to the US and international financial services industry. Greenline emerged with the advent of the global electronic marketplace and has since distinguished itself as an industry leader in custom enterprise development for the world's premier financial institutions.
Houlihan Smith & Company, Inc. ("Houlihan") is a specialized investment banking firm that provides advisory, financing and valuation services to public and private businesses. Houlihan is a registered broker-dealer and FINRA/SIPC member. Houlihan is affiliated and works closely with Houlihan Valuation Advisors, a leading valuation firm with offices throughout the United States, providing Houlihan with a team of industry experts to efficiently handle complex client engagements.
Houlihan understands the time sensitivity of corporate finance and is able to respond quickly and tenaciously to opportunities. The Houlihan approach creates corporate finance transactions where both business owners and investors mutually benefit. We have the knowledge, experience and relationships to match buyers and sellers, as well as to match the appropriate financing and capitalization structure to each unique client situation. The Houlihan name is synonymous with professional financial expertise, and we provide cost-effective fairness and solvency opinions, as well as valuations for tax and financial reporting to some of the largest NYSE/NASDAQ companies, as well as small, privately held businesses.
CONTACT: Rebecca Carriere of Houlihan Smith & Company Inc., +1-312-499-5903, firstname.lastname@example.org
Web site: http://www.houlihansmith.com/
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COPYRIGHT 2008 Gale, Cengage Learning, Rebecca Carriere, PR Newswire, March 20, 2008