Miami International Holdings, Inc. (MIH) announced today that the acquisition of the Limited International Stock Exchange (Tise) through its subsidiary, Mih East Holdings, Limited, has come into force through a settlement system approved by the VIII Party of Guernsy companies.
The Tise’s £ 22.50 -equity examination of a cash values of about 70.4 million pounds ($ 91.5 million).
“The acquisition of Tise’s MIH is a key milestone in promoting our International Strategic Development Strategy,” said Thomas P. Gallagher, president and CEO of MIH. “I would like to expand my deep gratitude to the Tise Board of Directors for their support throughout the process. I am very grateful to Anderson Whamond for stable guidance and diligence for completing the transaction and I am looking forward to working with him through the transition process.”
Based in Guernsy, the islands of Channel, Tise provides financial markets and mobile values to public and private companies. Most known as one of Europe’s most important professional bond markets, the Tise bond market (QIBM) market is a leading market in Europe to import high performance bonds, structured financial products and securities. Tise lists a group of investment funds, the United Kingdom Investments in Reit and hosts a viable funding department, Tise Sustainable. Tise reported more than 4,400 titles in its official catalog with a total market value of more than £ 750 billion ($ 975 billion) at the end of 2024.
“The acquisition of Tise by MIH means the development of our business and we look forward to working with the MIH team to further strengthen Tise’s credentials as a leading European registration area,” said Cees Vermaas, Managing Director of Tise. “With the approval of our strategy, people and our position in the European market, we are well positioned to accelerate our ambitions to growth, broaden our services and offer more value to our stakeholders.”
Mr Gallagher added: “We are excited to create a presence in Guernsy and believe that his strong reputation and stable Tise institutions provide MIH important opportunities to enhance our offers and expand our international footprint through investment in technology, business development and business development.”
Reed Smith LLP has served as an English legal adviser to Mih and Murant Ozannes (Guernsy) LLP served as Guernsy Legal Adviser to MIH. Ashurst LLP served as English Legal Adviser to Tise and Walkers (Guernsy) LLP, served as Guernsy Legal Adviser to Tise. Zeus Capital Limited served as financial advisor to MIH and Investec Bank Plc, served as Tise’s financial adviser.