Jasis Group is deemed by industry participants as the world’s leading risk management solution for tennis trading. The transaction follows the success and the fast growth of the company over the past few years, powered by a unique and sustainable approach to risk management.
Jasis is now part of 10Star, a new company led by Magnus Hedman, that aims to bring world-class pricing and risk management solutions to regulated markets: “This is the first step in our long term vision that will ultimately fill a gap in the industry and provide true risk management, not the customary trading solution”, stated Mr Hedman.
Jonathan Gale and Aron White, directors of Jasis who will integrate 10Star, added: “We have been quietly building a strong business on the back of our deep trading capabilities, and joining forces as 10Star will allow our product offering to reach a larger market. We have a big role to play, and our years of experience will allow 10Star to become a gold standard for risk management.”
With regard to Aquaa Partners’ role, Jonathan Gale, CEO of Jasis, said: “We’ve been on quite a growth journey over the past several years and Aquaa Partners provided us with invaluable information, insights and strategic advice along the way. When it came to execution support, Paul and his team were excellent – committed, dedicated and always went the extra mile. They never took their eye off the goal of helping us achieve a win-win, transformative transaction.”
This transaction highlights Aquaa Partners’ deep expertise in the technology industry and track record of advising fast-growing tech companies.
Aquaa Partners acted as exclusive financial adviser to the Jasis Group and Bird & Bird LLP acted as legal advisers to the Jasis Group.
Powell Consulting and FinRes acted as financial advisers and K&L Gates LLP acted as legal advisers to Magnus Hedman.
The official press release of the transaction is here.
News and commentary regarding the transaction is here.