Bursa Malaysia Bhd has agreed, after over a year of negotiations, to sell a 25 per cent stake in its
derivatives unit to CME Group Inc, the world’s largest derivatives exchange. The stake sale is part of a strategic partnership to help globalize
Malaysian crude palm oil (CPO) and grow the local derivatives market. The deal is valued at RM55mil ($17mm USD).
The Star Online 9/18/09
The Korea Exchange (KRX) said it has reached a preliminary deal to
trade the KOSPI 200 futures on the CME Globex platform,
a 24-hour electronic trading system operated by the CME. KOSPI200
futures are derivatives consisting of 200 blue chips on the basis of
market value and trading volume. KOREA.net, 10/24/07
SAO PAULO (MarketWatch) -- Chicago Mercantile Exchange owner CME
Group Inc. and Brazil's BM&F commodities and futures exchange signed
a letter of intent to become partners, the BM&F said in press
release late Tuesday. Under the terms of the letter of intent, the
CME group will acquire approximately 10% of shares in BM&F S.A. for
approximately 1.3 billion Brazilian reals ($722 million), while the
BM&F will take a 2% stake in the CME Group.
MarketWatch.com, 10/24/07
Joint venture to bring market participants a new choice in global FX trading.
The FXMarketSpace business plan requires each party to contribute capital of
up to $45 million to fund the venture through to profitability.
Reuters, 5/4/06
Other Representative Deals & Projects
Acquisitions
$50mm distressed debt due diligence for $2B private
equity firm
CBOT (Chicago Board of Trade) - $11B consolidating acquisition of leading derivatives exchange
NYMEX (New York Mercantile Exchange) - $8B consolidating acquisition of leading energy exchange
$2B home equity loan business in the UK
$500m commercial bank deal in Chile
Divestitures
$110mm carve-out of a Canadian operating lease business
$550mm North American operating & finance lease carve-out
$1B North American op leasing business sale evaluation
IPO
TheStreet.com, May 1999 - $100mm public equity infusion (Goldman Sachs lead underwriter)
Joint Ventures & Strategic Partnerships
$1mm joint development agreement with SAIC to develop and prove "smart container" technology for Homeland Security applications
Various joint marketing deals with AFP, FEI, and The Daily Deal to drive $1B in incremental sales leads to GE portal sites
FOX News & NY Times Joint Ventures at TheStreet.com
Strategy
CME Transaction Processing Strategy - New strategic analysis leading company to originate international deals with emerging market businesses representing more than $100 million.
Strategic segmentation analysis for TFS and Rail businesses resulting in actionable commercial re-alignment of products and sales focus.
Analysis of burgeoning telematics space resulting in formation of Asset Intelligence group and participation in JRI driven Telematics S1 working group at the Farifield level.
Strategic analysis of the domestic intemodal transportation industry pinpointing powerful emerging trends and spawning a radical re-vamping of the current GE business model.
Conducted a 3-month GE Rail strategy project resulting in three-actionable service plays executed by the operations team delivering $2mm incremental net income above plan in '04.
