Financial services firm FactSet buys LiquidityBook in $246.5 million deal

(Reuters) – FactSet said on Monday it has acquired trade management platform LiquidityBook in an all-cash deal valued at $246.5 million as the financial data services firm seeks to provide more consolidated solutions to its clients.

The deal will integrate FactSet’s existing workflow with LiquidityBook’s cloud-based trading solutions, improving efficiency and strengthening FactSet’s position in the financial platform market, the company said.

LiquidityBook offers global broker-market connectivity for hedge funds, asset managers, and sell-side firms.

Market-related analytical tools have gained popularity due to the recent market rally, fueled by the U.S. Federal Reserve rate cuts and expectations of lower corporate taxes under the Trump administration.

The deal, which closed on February 7, was funded by borrowings under FactSet’s existing revolving loan facility, and is expected to be modestly dilutive to FactSet’s adjusted earnings per share in 2025.

In December, the company expected adjusted EPS in the range of $16.80 to $17.40 in 2025.

Citi advised FactSet on the deal, while LiquidityBook was advised by IA Global Capital.

Last month, financial software maker Clearwater Analytics has also agreed to acquire Enfusion in a $1.5 billion cash-and-stock deal to bolster its international presence and enter the hedge fund industry.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Tasim Zahid)