Thomson Reuters, Systex Eye Sale of AFE to Capitalize on Success of ‘Connect’ Cross-Border Projects
The vendors are seeking to divest their stakes in AFE after 15 years, sources say.
Earlier this year, Thomson Reuters and Systex engaged New York-based investment bank and M&A advisory firm BDA Partners to explore a sale of the company. In its fact sheet about the offering, BDA codenames AFE “Project Altesse,” and describes the vendor as “a leading regional financial data and trading solutions provider headquartered in Hong Kong with additional operations in Thailand and Vietnam… offering a full suite of multi-market and multi-instrument platforms for information, stock
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