Openlink announces agreement to be acquired by ION Investment Group

NEW YORK, Feb. 2, 2018 /PRNewswire/ – Openlink Financial LLC, a global leader in trading and risk management solutions for the energy, commodities and financial services industries, today announced that ION Investment Group has entered into a definitive agreement to acquire the company from Hellman & Friedman. The transaction is subject to customary approvals. Andrea Pignataro, ION’s Chief Executive Officer, said: “Openlink’s solutions and expertise are highly complementary to ION’s business. This acquisition will expand ION’s footprint in energy and financial services. We look forward to partnering with Rich Grossi and his team, and contributing to the firm’s growth and development.” Ben Farkas, Partner at Hellman & Friedman, said: “Openlink is in a great position to capitalize on its track record, strong customer relationships and the substantial investments made in its product portfolio. We wish the Openlink team continued success under ION’s ownership.” Rich Grossi, Chief Executive Officer of Openlink, said: “Obtaining the backing of ION marks an exciting opportunity for Openlink, especially after 25 years of industry leadership. Under ION’s ownership we will continue investing in product innovation to bring market-leading solutions to clients and help address their business challenges.” UBS Investment Bank acted as exclusive financial advisor to ION… continue reading

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