Trading tech solutions provider oneZero Financial Systems has announced a new investment from Golden Gate Capital, a San Francisco-based private equity firm. oneZero’s current financial partner, Lovell Minnick Partners (LMP), will continue to support oneZero alongside Golden Gate Capital.

The parties did not disclose the size of the investment, or the ownership percentage of oneZero acquired by Golden Gate Capital.

Founded in 2009 by Andrew Ralich and Jesse Johnson, oneZero is a capital markets technology platform providing mission critical software for multi-asset class execution, distribution and analytics to brokers, institutional banks and liquidity providers. The Company’s platform comprises three components – Hub, EcoSystem and Data Source – which handle more than $250 billion ADV, 12 million transactions and 150 billion quotes per day, delivering a complete solution for pricing, execution, distribution and analytics.

In 2019, oneZero entered into a partnership with LMP, utilizing its extensive experience in scaling founder-run organizations to drive the Company’s growth. This foundational partnership has positioned oneZero to advance into its next phase of growth. The investment by Golden Gate Capital aims to further bolster the financial backing of the business, while Ralich and Johnson will continue to oversee oneZero’s day-to-day operations and execute on its current strategic roadmap, alongside the Company’s executive leadership team. Ralich will continue to serve as Chief Executive Officer and Johnson will continue to serve as Chief Technology Officer. They will remain the largest individual shareholders in the organization after close.

Andrew Ralich, oneZero CEO said,

“Golden Gate Capital’s investment is a seamless extension of our beneficial relationship with LMP. This next stage investment, alongside LMP’s continued support, validates the clear opportunity we see to expand our role as a leading technology partner in the global OTC asset trading market. We’re excited to partner with Golden Gate Capital, whose extensive resources and deep industry expertise will help us accelerate investment in our team and our organic product roadmap, while also expanding opportunities to grow the business through M&A.”

Dan Haspel, Managing Director at Golden Gate Capital said,

“oneZero’s recent momentum reinforces the strength of its development roadmap and organic growth strategy as it continues to drive differentiated and intelligent performance for its clients. We are confident that oneZero has the right leadership team and strategic plan in place to continue this impressive momentum and are thrilled to support the Company in the next chapter of its growth story.”

Steve Pierson, Managing Partner at LMP added,

“This investment marks a significant milestone for both oneZero and LMP. Over the past five years, oneZero has demonstrated remarkable growth and product expansion, and we are confident that Golden Gate Capital will be an excellent partner to continue this trajectory. We are excited to continue supporting the company as it continues to grow for years to come.”

Houlihan Lokey served as exclusive financial advisor to oneZero and Gunderson Dettmer served as legal advisor to oneZero and LMP. Broadhaven Capital Partners served as financial advisor and Paul, Weiss, Rifkand, Wharton & Garrison served as legal advisor to Golden Gate Capital.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity firm focused on partnering with management teams to build exceptional consumer, industrials, technology, and financial services companies. Since its founding in 2000, the firm has managed approximately $20 billion in cumulative committed capital. For more information, visit www.goldengatecap.com.

About oneZero

oneZero Financial Systems has been a leading innovator in multi-asset class enterprise trading technology since 2009. Its powerful software encompasses the Hub, EcoSystem and Data Source – three components that together provide a complete solution for execution, distribution and analytics. Through reliable connectivity, technology, infrastructure and market access, oneZero empowers financial institutions and brokers to compete effectively in the global financial markets through a globally compliant, liquidity-neutral solution. oneZero is certified to the standards of ISO 27001 information security management systems, and has development and operations centers in Asia, Australia, Europe and North America.

About Lovell Minnick Partners

Lovell Minnick Partners is a private equity firm with a 25-year track record of partnering with growth-oriented companies. LMP leverages deep sector experience and a broad network of strategic advisors to help founders scale their companies at an accelerated pace. The firm collaborates with management teams to achieve long-term success and value creation through organic growth and strategic acquisitions. Since inception in 1999, LMP has raised over $5 billion of committed capital, invested in more than 50 unique platform companies and completed over 200 add-on acquisitions. LMP targets growth-oriented, middle-market companies with a particular focus on companies in the financial services, business services and financial technology sectors.