Trading software company ConvergEx Group has agreed to be acquired by British private equity firm CVC Capital Partners in a deal reportedly worth $1.9 billion, Bloomberg reports.
ConvergEx, which was formed in 2006 through a merger between the brokerage division of The Bank of New York and Eze Castle Software, had filed registration papers in May for a $400 million initial public offering. As part of a dual track process, ConvergEx had also put itself up for sale, meaning that the company’s IPO could be called off if the acquisition offer by CVC is accepted.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
