Spotlight

View All Spotlights

LIFFE


LIFFE: A Vision and Plan to Dramatically Increase an Exchange’s Value
Sector: Software & Services
Stage: Growth
Location: London, England
View company profile

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