FD Technologies Agrees to £570M TA Associates Takeover

FD Technologies, a UK-based data and analytics firm, has accepted a £570 million takeover offer from US private equity firm TA Associates, with shares valued at £24.50 each. The deal, which still requires majority shareholder approval and a UK court sanction, is unanimously supported by FD’s board. TA Associates intends to keep FD’s Newry headquarters but will conduct a year-long review that could lead to job reorganizations, reductions, or redeployments, while projecting future growth and employment. The acquisition follows FD’s recent restructuring, including the sale of its consulting division and a strategic focus on its KX software platform. Key stakeholders, the Conlon family, are set to receive £57 million from the transaction. The offer includes a possible unlisted share alternative and allows TA Associates to revise the offer under certain conditions.