Goldenhill International M&A Advisors today announced that it acted as M&A advisor to Infront ASA (OSE: INFRNT “Infront”) in its acquisition of the operations of the Market Connect division from Spafid Connect S.p.A., a subsidiary of Mediobanca S.p.A.

The transaction will expand Infront’s European market share by joining forces with the leading mid-tier provider of financial market information in the Italian market. Market Connect currently provides its products and services to more than 20,000 finance professionals and more than 100,000 retail investors through its partners. The Market Connect division is complementary to Infront’s existing operations, and includes, feed, web solution and terminal products.

Commenting on the contribution of Goldenhill to the acquisition, Kristian Nesbak, Infront’s CEO and co-founder said:

“We were very pleased to work closely with Goldenhill during this process which has resulted with this successful acquisition. We chose to work with Goldenhill because of their focus in the Fintech sector, their relevant business and transaction experience and international reach which ultimately resulted in the acquisition of Market Connect. The integration of the Market Connect products and services with Infront solutions will provide great value to our customers.”