London Stock Exchange Group (“LSEG”)

Global capital markets player and sole shareholder of MillenniumIT, Sri Lanka 


Systems integration division of MillenniumIT

The leading systems integrator in Sri Lanka


Ambeon Capital PLC

A diversified Sri Lankan corporate

Deal Size:US$ 11m 
(Enterprise Value: US$ 15m)
Context:LSEG acquired MillenniumIT in 2009 as part of its technology strategy - MillenniumIT had two divisions - capital markets technology and the systems integration. In 2016, LSEG resolved to divest the systems integration business, as it was non-core and negatively impacted the consolidated balance sheet
Asia Securities’ RoleExclusive sell side advisor, managed all aspects of the transaction and carve out of the business unit. Also supported management of complex staff dynamics critical to the success of the transaction
Transaction StrategyAn international auction process, in accordance with LSEG’s governance requirements 
Transaction outcome
  • Divestment of non-core business
  • Reduction of balance sheet risk