Banking Recap

StoneX Group Inc. Announces Acquisition for $900.0M

This deal involves StoneX Group Inc. (ticker SNEX), a financial-institutions-group (fig) sector company, as the acquirer of R.J. O'Brien (RJO), in a cash-and-stock acquisition. The transaction falls under the M&A product group, and its disclosed value is $900,000,000.

Apr 14, 2025·SEC EDGAR (8-K)·pending regulatory·cash-and-stock acquisition

Deal value

The facts are sourced from an 8-K filing with the SEC via EDGAR, published April 14, 2025. The deal's status is pending regulatory, indicating it had not yet closed as of that filing.

Two financial advisors are disclosed, one per side, both designated lead. Bank of America is acting as exclusive financial advisor to StoneX (the acquirer) and is also providing committed debt financing for the acquisition, per the source sentence describing Bank of America's dual advisory and financing role. On the target side, Broadhaven Capital Partners is acting as exclusive financial advisor to RJO, with the source sentence noting that Mayer Brown LLP is serving as RJO's legal advisor.

Legal advisors are disclosed for both sides: Mayer Brown LLP is serving as legal advisor to the target, RJO, while Davis Polk & Wardwell LLP is serving as StoneX's (the acquirer's) legal counsel, per a separate source sentence confirming Davis Polk's role.

Beyond identifying the transaction as a cash-and-stock acquisition valued at $900,000,000, with committed debt financing from Bank of America, the facts block does not specify the exact split between cash and stock consideration or the terms of the debt financing.

Several facts are not disclosed in this record. The precise cash/stock consideration mix is not specified. No expected closing date is given, and the facts block does not detail the terms of the committed debt financing beyond identifying Bank of America as its provider.