Saturday, 20 September 2014
Last updated 1 day ago
Sep 26 2011 | 1:18pm ET
The Carlyle Group has acquired a financial monitoring software company.
The $153 billion private equity giant has bought London-based ITRS, it said today. Terms of the transaction were not disclosed, but Carlyle funded the purchase with its three-year-old Carlyle Europe Technology Partners II fund.
ITRS boasts 600 clients, including eight of the top 10 global investment banks, for its flagship trading infrastructure monitoring system, Geneos. Carlyle has pledged to help ITRS' international expansion effort and its customized product offering effort.
"We are very excited about the prospect of working with Carlyle to support Kevin and his management team in growing the business," ITRS founder Stephen Bates said, referring to CEO Kevin Covington. "We are confident that we now have the optimal team to provide a platform for innovation in products and services, and to deliver growth in international and new markets."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.