Lovell Minnick closes investment in oneZero Financial
Summary
PRESS RELEASE Lovell Minnick Partners Makes Significant Investment in oneZero Financial Systems Positions Premier FX Technology Solutions Business for Accelerated Growth PHILADELPHIA, LOS ANGELES and NEW YORK, June 25, 2019 – Lovell Minnick Partners (“LMP”), a private equity firm focused on investments in the global financial services industry, including related technology and business services companies, today announced it has completed a significant minority investment in oneZero Financial Systems (“oneZero” or “the Company”). Founded in 2009 and headquartered in Cambridge, MA, oneZero provides mission-critical FX and multi-asset class liquidity, distribution, business intelligence and risk management solutions to the retail brokerage and institutional marketplace, including hedge funds, prime brokers and global banks. Through its international presence across offices in the United Kingdom, Australia, Singapore and Cyprus, the Company offers hosted and SaaS-based solutions that enable clients to aggregate, route and manage their risk exposures through Liquidity Hub, access broader liquidity distribution through oneZero’s EcoSystem and gain business intelligence insights through Data Source. “We look forward to partnering with the deeply experienced team at Lovell Minnick and tapping their institutional capital markets expertise to accelerate oneZero’s growth.” Lovell Minnick is joined in this investment by Phil Weisberg, institutional foreign exchange executive veteran and founder of Matzliach Capital who has served as Senior Advisor to oneZero since June 2018. oneZero serves a network of over 200 global retail and institutional broker-dealers, which conduct over $100 billion in average daily trading volume on over 6 million executed transactions per day.
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