At what enterprise value was CBOE AUSTRALIA & CANADA acquired in 2024?

During the acquisition of CBOE AUSTRALIA & CANADA by TMX GROUP in 2024, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 12.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CBOE AUSTRALIA & CANADA when it was acquired by TMX GROUP?

The estimated EV/EBITDA multiple for CBOE AUSTRALIA & CANADA is in the range of 10x - 18x. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 12.9x. Join our community for free to access full valuation data and industry trends.

When was CBOE AUSTRALIA & CANADA acquired by TMX GROUP?

CBOE AUSTRALIA & CANADA was acquired by TMX GROUP in 2024.

What was the revenue of CBOE AUSTRALIA & CANADA at the time of the deal?

The revenue of CBOE AUSTRALIA & CANADA at the time of the deal is estimated to be in the range of 50M - 100M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of CBOE AUSTRALIA & CANADA during the acquisition?

CBOE AUSTRALIA & CANADA's EBITDA is estimated to be in the range of 10M - 30M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the CBOE AUSTRALIA & CANADA acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CBOE AUSTRALIA & CANADA deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.canaccordgenuity.com/capital-markets/transactions/2026/april/tmx-group_apr2026/

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Home Database Financial ServicesCBOE AUSTRALIA & CANADA

02/2024

CBOE AUSTRALIA & CANADA acquired by TMX GROUP

CANADA Brokerage EV 300M - 700M USD

Context

TMX Group Limited has announced the acquisition of Cboe Australia and Cboe Canada, two key players in the financial markets. This strategic acquisition is expected to bolster TMX Group's position in the global financial markets, extending its geographic presence and accelerating its growth strategy. The acquisition of Cboe Australia and Cboe Canada is also expected to enable TMX Group to diversify its activities and strengthen its ability to innovate and enhance the client experience. The two acquisitions are anticipated to bring a comprehensive range of services and solutions to investors and companies, while reducing costs and complexity. The acquisition process is currently underway, with regulatory approvals and closing conditions expected in the coming weeks.

CBOE AUSTRALIA & CANADA, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (12.9x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Financial Services market trends

Target

Cboe Australia and Cboe Canada are key players in the financial markets landscape, offering equities trading venues, listing venues, and market data solutions. Cboe Australia is an innovative securities exchange providing companies with strategic tailored support for public market listings, including ETFs, structured products, and warrants, as well as a trading venue for brokers and investors. Cboe Canada includes MATCHNow, NEO-L, NEO-N, and NEO-D, as well as ETF, CDR, and corporate listings. These entities are poised to play a major role in the capital markets ecosystem, offering a comprehensive range of services and solutions to investors and companies.

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03/2021	GROUPE FINIZY (MEILLEURTAUX)	ACTIVE ASSURANCES	FRANCE	Brokerage	Meilleurtaux acquired 100% of Active Assurances, enabling the exit of financial sponsors Activa Capital and Bpifrance, as well as the founding management team. This strategic acquisition marks a shift in Meilleurtaux's business model: previously a simple comparator (lead generator) in auto/health insurance, the group now becomes a full-stack broker capable of selling, issuing, and managing contracts directly

REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 50M - 100M USD

EBITDA range: 10M - 30M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CBOE AUSTRALIA & CANADA by TMX GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: cboe australia & canada

Acquirer: tmx group