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Hamilton Locke advised J.C. Flowers & Co on Chi-X Exit

Hamilton Locke acted for global private equity firm, J.C. Flowers & Co in its proposed disposal of leading trading platform, Chi-X, to Cboe Global Markets. Chi-X operates a number of equity trading venues in Australia and Japan.

Having acquired Chi-X in February 2016, J.C. Flowers & Co has enhanced the technology platform and strengthened the teams across Australia, the Philippines and Japan, leading to significant growth in Chi-X’s core business. 

Commenting on the transaction, Hamilton Locke partner, James Delesclefs said: “We are delighted to have assisted long standing client J.C. Flowers & Co on the proposed transition of Australia’s leading competitor to the ASX as part of a global transaction in a number of jurisdictions. We look forward to working with all parties to ensure a smooth completion and following closely its evolution”.

The corporate team at Hamilton Locke was led by partner James Delesclefs and assisted by lawyer Michael Jefferies while the regulatory team was led by partners Justin Gross and Brendan Ivers.