smartTrade Technologies has entered into an agreement for a strategic investment from TA Associates, a global private equity firm. The transaction, which includes co-investment from CEO and Co-Founder David Vincent and the broader management team, marks a new phase in the company’s expansion.
Based in Aix-en-Provence, smartTrade offers electronic trading and payments technology across multiple asset classes through a cloud-based SaaS model. The company said TA’s investment will support product development, international growth, and adoption of AI-driven trading capabilities.
Existing investor Hg will fully exit its majority stake
David Vincent, CEO and Co-Founder of smartTrade, commented, “Our customers have always been our North Star and this partnership with TA will enhance our ability to serve them with innovative trading and payments solutions. My decision to invest alongside the management team and TA underscores our shared belief in smartTrade’s trajectory. We’re grateful to Hg for their strategic support over the past five years. During that time, we doubled our revenue, executed our first acquisition which strengthened our presence in North America, and laid the foundation for scalable growth. Looking ahead, we are committed to driving the next wave of client-centric innovation, including accelerated AI adoption and greater flexibility in hosting and execution, to meet our customers’ evolving needs.”
As part of the deal, existing investor Hg will fully exit its majority stake. The transaction remains subject to the completion of the applicable workers’ council consultation process.
Max Cancre, Managing Director at TA, said, “smartTrade has firmly established itself at the forefront of electronic trading and payments technology. We believe the company’s market-leading solutions, culture of innovation, and unwavering commitment to client success have positioned it well for continued growth.”
Morgan Seigler, also a Managing Director at TA, added, “We look forward to partnering with David and the whole smartTrade team as they continue to scale globally and drive further advancements for the capital markets industry.”
Sebastien Briens, Partner at Hg, commented, “We’ve worked in close partnership with smartTrade since 2020, helping to strengthen its position as the best-in-class modern trading and payments technology vendor. We thank David Vincent and his team for their impressive execution and continued focus on innovation, and we wish them well in their next phase of growth.”
Terms of the transaction were not disclosed. Arma Partners acted as adviser to smartTrade, while TA Associates was advised by Houlihan Lokey and Deutsche Bank.
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