Relevant Statistics:

Details were not disclosed

Background:

Founded in 1995, CTC is a leading proprietary derivatives trading firm active in various options and futures markets including equity indices, equities, interest rates and energies.

CTC’s management was interested in exploring the possibility of a a minority investment from both strategic and financial investors in order to capture certain benefits that could help accelerate the company’s growth.

CTC is based in Chicago with offices in New York and London. The Company is one of the largest equity index options trading firms in the United States.

Investment Banking Role:

Raymond James was engaged by the company to assist in evaluating alternatives including opportunities to attract institutional investors that would bring a variety of strategic benefits.

Raymond James assisted in recommending a strategy, preparing materials describing the business, sourcing interested parties, evaluating proposals and negotiating transaction terms.

CTC ultimately decided to execute a definitive agreement providing for a sale of a non-controlling minority equity interest to Merrill Lynch for a cash investment.

Successful Outcome:

CTC received all required regulatory approvals and closed this transaction with Merrill Lynch in March 2007.