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Institutional FX

FD Technologies in £541 Million Deal Talks with TA Associates Involving Cash and Shares

  • The company is in talks regarding a potential £24.50 per share cash offer.
  • TA Associates submitted a non-binding proposal that includes a cash offer and an unlisted share option.
Wednesday, 07/05/2025 | 11:14 GMT by Tareq Sikder
Institutional FX

FD Technologies Posts Wider Loss, Debt Surges 84% Before First Derivatives Sale

  • The company reports a challenging 6 months, with revenue down 7% to £118.2m and adjusted EBITDA falling 26% to £10.5m.
  • FD Technologies recently announced its plan to sell its First Derivative business to EPAM Systems for £230 million.
Tuesday, 26/11/2024 | 07:39 GMT by Damian Chmiel
Institutional FX

FD Technologies to Sell First Derivative Business for £230 Million

  • The deal, expected to close in Q4 2024, aims to streamline operations and return cash to shareholders.
  • FD wants to focus on its KX analytics division.
Monday, 07/10/2024 | 06:18 GMT by Damian Chmiel
Institutional FX

FD Technologies’ FY24 Revenue Stays Flat despite KX's Push

  • KX generated revenue growth of 12 percent, but First Derivatives declined by 8 percent.
  • The company turned a pre-tax loss of £7.7 million.
Tuesday, 21/05/2024 | 07:18 GMT by Arnab Shome
Institutional FX

FD Technologies Faces Headwinds in KX Division, Lowers Growth Outlook

  • The software providers forecasts in-line EBITDA but lower revenue due to challenges.
  • KX division's slower ARR growth contributes to the cautious outlook.
Friday, 01/03/2024 | 07:49 GMT by Damian Chmiel
Institutional FX

FD Technologies' KX Unit Outshines as Company Reports Loss

  • FD Technologies showed a lack of profitability in the reported period.
  • Overall revenues shrank 3% to £142.5 million.
Tuesday, 24/10/2023 | 07:01 GMT by Damian Chmiel
Institutional FX

FD Technologies Ends FY23 with 12% Revenue Jump

  • KX and First Derivative revenues beat market expectations.
  • The group ended up with a pre-tax loss of £1.2 million.
Tuesday, 23/05/2023 | 07:49 GMT by Arnab Shome