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LIFFE
LIFFE: A Vision and Plan to Dramatically Increase an Exchange’s Value
Sector: Software & ServicesStage: Growth
Location: London, England
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Situation
- Conducted 24-month investigation/research into market opportunity and competitive landscape in regulated exchanges
- Pursued second-largest regulated exchange in Europe, London International Financial and Futures Exchange (LIFFE), a profitable, publicly traded entity generating $200M in revenue
- Determined value could be substantially increased with adjustments and enhancements to corporate structure, technology assets, management and market expertise
The Battery Difference
- Augmented executive team, including members of the technology management team, which was key to deriving value from the Exchange
- Provided guidance on appropriately re-structuring the business to maximize shareholder value
- Intimately involved in facilitating strategic alliances, including a joint venture with NASDAQ
- Supported and guided new product development, such as single-stock futures
Results
- Acquired by Euronext for more than $800M