Simpson Thacher is advising Apax Partners LLP (“Apax”) on its strategic investment in Wematch.
Wematch’s mission is to become the leading technology platform for securities finance and capital markets workflows. It replaces manual work with regulated, deterministic, and fully auditable infrastructure covering the full life of a trade. Close to $2 trillion of ongoing notional is managed on Wematch, and over the past twelve months the platform handled some $7 trillion of basket substitutions.
Wematch's strategic investors, Barclays, Deutsche Börse Group, J.P. Morgan and Societe Generale will remain invested alongside Apax. Following completion, Apax will be Wematch’s majority shareholder, and the company will continue to operate as an independent platform serving all market participants. Completion is expected in Q4 2026, subject to customary regulatory approvals.
The Simpson Thacher team includes James R. Howe, Chris Vallance, Sean Macdonald, Andrew Cho and Spandan Das (M&A); and Kalyna El Kettas and Max Toubiana (Tax).