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Allen & Overy advises Broadway Technology in its sale to Bloomberg L.P.

Allen & Overy (“A&O”) advised fintech solutions company Broadway Technology on the sale of its equity interests to Bloomberg L.P. (“Bloomberg”). Completion of the transaction is subject to customary regulatory approvals. 

Broadway Technology is a provider of specialist trading systems for sell-side financial institutions that facilitate the trading of foreign exchange and fixed-income securities. Bloomberg is a business and financial information outlet that provides news, data and insights on global markets. The sale will enable Bloomberg to provide improved execution for rates trading using Broadway’s cutting-edge technology. 

The A&O team was led by Corporate partner Dario de Martino and senior associate Stephanie Ference, with support from associates Mara Goodman and Yuwei Liu.

Specialist U.S. Antitrust advice was provided by Washington D.C.- based partner Noah Brumfield, senior associate Puja Patel and associate Regina Loureiro. UK antitrust advice was led by London-based partner Philip Mansfield and associate Imogen Carr. U.S. Employment advice was provided by partner Brian Jebb and associates Hayde Faria and Alexandra Sentner. IP and Data Privacy matters were led by partner Keren Livneh and associates Kyle Coogan and Chynna Foucek. U.S. Environmental and ABAC and Sanctions counselling by partners Ken Rivlin and Maura Rezendes, alongside associate Nick Ognibene. U.S. Tax matters by partner Dave Lewis, senior counsel Caroline Lapidus and associate Zahra Keshwani, and UK Bank Regulatory advice by London-based partners Damian Carolan and Nikki Johnstone

“Broadway is a leader in front-office fintech solutions and we are thrilled to support them in their sale to Bloomberg”, said de Martino. “The transaction drew on A&O’s deep fintech expertise across global M&A matters”. 

For further information, please contact Devin Shorey in New York on pro-a&