Turquoise Global Holdings Limited
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Turquoise Global Holdings Limited - overview
Established
2008
Location
London, -, UK
Primary Industry
Financial Services
About
Based in London, UK, and founded in 2008, Turquoise Global Holdings Limited, a. k. a. Turquoise operates as a provider of a multilateral trading platform that allows trading both on and off traditional exchanges.
The company is majority-owned by the London Stock Exchange Group in partnership with the user community. In August 2008, a consortium comprised of Credit Suisse, BNP Paribas, Deutsche Bank, Goldman Sachs PIA, Bank of America Merrill Lynch, Morgan Stanley, Société Générale Corporate & Investment Banking, UBS, and Citibank, formed Turquoise Global Holdings Limited. As of May 2023, Adam Wood is the CEO of the company. The company provides a trading platform that allows users to access approximately 4,300 stocks with uniform access to 19 major European and emerging markets as well as US stocks, ETFs IOB Depositary Receipts, and European Rights Issues.
Turquoise’s client base includes banks, brokers, specialist trading firms, and retail intermediaries.
Current Investors
Morgan Stanley Investment Management, UBS, Société Générale Group
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Verticals
FinTech, FinTech
Total Amount Raised
Subscriber access only
Turquoise Global Holdings Limited - timeline of key events
Turquoise Global Holdings Limited - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 17,585,000 | 14,711,000 | 21,842,000 | 30,088,000 | 41,849,000 | 35,404,000 | 31,289,000 | 21,524,000 | 24,163,000 | 27,024,000 | - | - | - |
| % Revenue Growth (YoY) | - | (16.3%) | - | - | 39.1% | (15.4%) | (11.6%) | (31.2%) | 12.3% | 11.8% | - | - | - |
| EBITDA (USD) | (3,636,000) | (6,851,000) | 3,673,000 | 5,744,000 | 8,047,000 | 6,283,000 | 1,289,000 | 1,373,000 | 2,552,000 | 7,931,000 | - | - | - |
| Operating Income (USD) | (4,849,000) | (7,852,000) | 3,510,000 | 5,526,000 | 7,829,000 | 6,013,000 | 634,000 | 618,000 | 1,511,000 | 6,865,000 | - | - | - |
| Operating Margin | (27.6%) | (53.4%) | 16.1% | 18.4% | 18.7% | 17.0% | 2.0% | 2.9% | 6.3% | 25.4% | - | - | - |
| % EBITDA Margin | (20.7%) | (46.6%) | 16.8% | 19.1% | 19.2% | 17.7% | 4.1% | 6.4% | 10.6% | 29.3% | - | - | - |
| NET Income (USD) | (4,218,000) | (6,853,000) | 4,371,000 | 6,559,000 | 9,358,000 | 5,317,000 | (3,352,000) | 1,067,000 | 1,632,000 | 7,529,000 | - | - | - |
| % Net Margin | (24.0%) | (46.6%) | 20.0% | 21.8% | 22.4% | 15.0% | (10.7%) | 5.0% | 6.8% | 27.9% | - | - | - |
Turquoise Global Holdings Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Turquoise Global Holdings Limited | - | ||||||||
| Trade Sale | Completed | Turquoise Global Holdings Limited | - | ||||||||
| Company Formation | Completed | Turquoise Global Holdings Limited | - | ||||||||
| Unspecified Exit | Completed | Turquoise Global Holdings Limited | - |
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Turquoise Global Holdings Limited - employee data
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