MIH has received a $40 million investment from Warburg Pincus to expand its global reach.
Lee Becker
Aside from supporting MIH in its plans to build a diversified revenue stream which stems from across multiple geographies, the capital is also set to partially finance MIH’s acquisition of The International Stock Exchange (TISE).
“The expansion of our relationship with Warburg Pincus through the new investment is an important validation of our international growth strategy,” said Thomas Gallagher, chair and chief executive of MIH.
“The acquisition of TISE allows us to further expand our global footprint and provides additional opportunities to leverage our relationships with existing US members and accelerate our international growth.”
The move follows on from the $100 million investment into MIH in August 2024, which was led by Warburg Pincus’ capital solutions team.
Initiatives supported by the injection included the launch of the MIAX Sapphire options exchange, as well as the build-out of a physical trading floor in Miami, and the development of the MIAX Futures Onyx trading platform, among other initiatives.
“We are pleased to bolster MIH’s international expansion with this additional investment and it is a clear indication of our support for MIH and its growth initiatives,” said Lee Becker, managing director, Warburg Pincus.
“The acquisition of TISE is a key component of MIH’s global platform that enhances future growth opportunities.”