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Conyers advises on TP ICAP’s US$700 million acquisition of Liquidnet

Conyers advised TP ICAP plc (“TP ICAP”) on the Bermuda law aspects of its acquisition of leading global electronic trading network Liquidnet Holdings, Inc (“Liquidnet”) for a consideration of USD700 million. The consideration comprises US$525 million in cash, US$50 million of deferred consideration in the form of vendor loan notes and up to US$125 million in the form of an earn-out. The transaction completed on 24 March 2021.

Director Jason Piney and Associate Sophia Collis advised on the matter, working alongside Allen & Overy LLP.


Jason Piney

Bermuda   +1 441 299 4993

Sophia Collis

London   +44 (0)207 562 0345


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