TMX Group Limited announced an agreement to acquire RAFI Indices from Research Affiliates Global Holdings, a global index provider and investment advisor, for US$490 million in total consideration. The acquisition will significantly expand equity portfolio coverage of TMX VettaFi, a differentiated index provider with modern distribution solutions, and a TMX Group Limited subsidiary. The transaction is anticipated to close by the end of Q3 2026, subject to regulatory approval and customary closing conditions.
WilmerHale advised TMX Group Limited in the transaction.
The WilmerHale team was led by Stephanie Evans, Eric Hanson and Stephen Gillespie, and included Amanda Albert, Meghan Walsh, Sarah Matchett, Kyle Kessler, Frank Wang, Skyler Elise Dykes and Madeline Simpson.