Monday, 22 December 2014
Last updated 20 min 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.