Tradeweb to buy Trumid for $1.97 billion
TW•Tradeweb Markets will buy electronic credit trading marketplace Trumid for about $1.97 billion, including $1.89 billion in cash and $82 million in stock. The deal is expected to close in the first half of 2027.
1. Deal terms
Tradeweb Markets will fund the acquisition largely with cash on hand. Tradeweb CEO Billy Hult said the acquisition is an important step toward making credit markets more efficient and providing clients with smarter ways to access liquidity.
2. Advisers and timing
Morgan Stanley advised Tradeweb, while Goldman Sachs advised Trumid. The deal is expected to close in the first half of 2027.
