At what enterprise value was KACE FINANCIAL acquired in 2025?

You can find the full valuation details of KACE FINANCIAL on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M 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 TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 13.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of KACE FINANCIAL when it was acquired by SMARTTRADE TECHNOLOGIES?

The exact EV/EBITDA multiple for KACE FINANCIAL is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 13.4x. Join our community for free to access full valuation data and industry trends.

When was KACE FINANCIAL acquired by SMARTTRADE TECHNOLOGIES?

KACE FINANCIAL was acquired by SMARTTRADE TECHNOLOGIES in 2025.

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 KACE FINANCIAL 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 KACE FINANCIAL 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://smart-trade.net/2025/12/11/smarttrade-to-acquire-kace-formerly-known-as-fenics/

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Home Database TMT (Tech, Media, Telecom)KACE FINANCIAL

12/2025

KACE FINANCIAL

Acquired by

SMARTTRADE TECHNOLOGIES

UNITED KINGDOM Software / Industry-Specific Software / Financial Services / Banking EV 100M - 350M USD

KACE FINANCIAL acquired by SMARTTRADE TECHNOLOGIES

UNITED KINGDOM Software / Industry-Specific Software / Financial Services / Banking EV 100M - 350M USD

Context

smartTrade Technologies has acquired kACE Financial to create a unified, multi-asset trading and payments platform. This transformational acquisition combines smartTrade’s low-latency SaaS infrastructure with kACE’s specialized expertise in FX derivatives and complex pricing analytics. The strategic rationale is to address the market's increasing demand for a single, integrated workflow that handles everything from simple spot trading to sophisticated structured products. Following the recent investment from TA Associates, this deal represents a major step in smartTrade's innovation roadmap, specifically accelerating its transition to a fully cloud-native, AI-driven offering. The merger allows the combined group to leverage a global infrastructure and an expanded technical team to deliver lower total cost of ownership (TCO) for its international banking and brokerage clients.

KACE FINANCIAL, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (13.4x).

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.

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Target

kACE Financial is a premier financial technology provider specializing in real-time pricing, advanced analytics, and workflow solutions for Foreign Exchange (FX) and interest rate derivatives. Its business model focuses on high-complexity instruments, including Spot, Forwards, Swaps, NDFs, and Structured Products. The company’s value proposition centers on delivering mission-critical risk management and regulatory compliance tools to a global base of financial institutions. Strategically, kACE is renowned for its deep domain expertise in derivatives, providing the sophisticated mathematical engines required for precise valuation and automated trading in volatile markets. By transitioning its legacy strengths into modern analytical frameworks, kACE serves as a vital infrastructure layer for Tier-1 banks and specialized trading desks worldwide.

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Valuation range: EV 100M - 350M USD

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

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