Thomas Bravo buys IPOX 100 Europe Holding Sophos Group at +37% premium / ETF is focus: FPXE
IPOX Schuster LLC , the Financial Services Firm behind the IPOX Indexes, is pleased to note the Takeover of London-traded technology group Sophos Group (SOPH LN) by U.S. private equity firm Thomas Bravo at a +37% premium.
The 06/2015 IPO is a portfolio holding of the IPOX 100 Europe (Live Index Ticker: IPOE), the benchmark for the performance of European New Listings. The Index serves as the underlying for a number of Financial Products, including the First Trust IPOX® 100 Europe Opportunities ETF (ticker: FPXE), and has gained +18.38% YTD, vs. +12.19% for the European market (Price Version, in USD).
“Todays’ buy-out news of IPOX Holding Sophos Group underlines once more that the post-IPO space has become a target market for M&A across Developed Markets. I expect this development to continue and constitute a unique driver of IPOX Portfolio Returns”, says Dr. Josef Schuster, chief architect of the IPOX Indexes, including the IPOX 100 Europe (ETF: FPXE), IPOX 100 U.S. (ETF: FPX) and IPOX International (ETF: FPXI).