Sunday, 29 November 2015
Last updated 1 day ago
Feb 3 2012 | 12:20am ET
TPG Capital will pay for about one-third of hedge fund administrator GlobeOp Financial Services with debt.
The private equity giant said this week that Credit Suisse would arrange $291 million in financing for the $800 million acquisition.
TPG announced earlier this week that it had struck a deal to buy London-based GlobeOp, which put itself up for sale last month. TPG said it planned to finance the administrator's expansion, while leaving the firm in the hands of its current management team.
The buyout requires the approval of GlobeOp's shareholders.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…