Investment Will Drive Further Organic Growth and M&A, Building on Recent Momentum Across Institutional Product Lines.
oneZero Financial Systems (“oneZero” or the “Company”), a global leader in multi-asset enterprise trading technology solutions, today announced an investment from Golden Gate Capital, a San Francisco-based private equity firm. oneZero’s current financial partner, Lovell Minnick Partners (“LMP”), will continue to support oneZero alongside Golden Gate Capital.
Founded in 2009 by Andrew Ralich and Jesse Johnson, oneZero is a leading capital markets technology platform providing mission critical software for multi-asset class execution, distribution and analytics to brokers, institutional banks and liquidity providers. The Company’s platform comprises three components – Hub, EcoSystem and Data Source – which handle more than $250 billion ADV, 12 million transactions and 150 billion quotes per day, delivering a complete solution for pricing, execution, distribution and analytics.
In 2019, oneZero entered into a partnership with LMP, utilizing its extensive experience in scaling founder-run organizations to drive the Company’s growth. This foundational partnership has positioned oneZero to advance into its next phase of growth. The investment by Golden Gate Capital aims to further bolster the financial backing of the business, while Ralich and Johnson will continue to oversee oneZero’s day-to-day operations and execute on its current strategic roadmap, alongside the Company’s executive leadership team. Ralich will continue to serve as Chief Executive Officer and Johnson will continue to serve as Chief Technology Officer. They will remain the largest individual shareholders in the organization after close.
“Golden Gate Capital’s investment is a seamless extension of our beneficial relationship with LMP. This next stage investment, alongside LMP’s continued support, validates the clear opportunity we see to expand our role as a leading technology partner in the global OTC asset trading market,” said Ralich. “We’re excited to partner with Golden Gate Capital, whose extensive resources and deep industry expertise will help us accelerate investment in our team and our organic product roadmap, while also expanding opportunities to grow the business through M&A.”
“oneZero’s recent momentum reinforces the strength of its development roadmap and organic growth strategy as it continues to drive differentiated and intelligent performance for its clients,” said Dan Haspel, a Managing Director at Golden Gate Capital. “We are confident that oneZero has the right leadership team and strategic plan in place to continue this impressive momentum and are thrilled to support the Company in the next chapter of its growth story.”
“This investment marks a significant milestone for both oneZero and LMP,” said Steve Pierson, Managing Partner at LMP. “Over the past five years, oneZero has demonstrated remarkable growth and product expansion, and we are confident that Golden Gate Capital will be an excellent partner to continue this trajectory. We are excited to continue supporting the company as it continues to grow for years to come.”
Houlihan Lokey served as exclusive financial advisor to oneZero and Gunderson Dettmer served as legal advisor to oneZero and LMP. Broadhaven Capital Partners served as financial advisor and Paul, Weiss, Rifkand, Wharton & Garrison served as legal advisor to Golden Gate Capital.
Financial terms of the investment were not disclosed.
