Virtu Financial, the high-speed trading firm led by former Paul, Weiss, Rifkind, Wharton & Garrison corporate partner Douglas Cifu, has tapped the Am Law 100 firm to advise on its sale of a 10 percent stake in the company to Temasek Holdings, Singapore’s state-backed investment firm.
In a press release announcing the deal Sunday, Virtu said that Temasek would acquire a portion of an equity investment in the company owned by private equity firm Silver Lake Partners. Terms of the deal were not disclosed, but various news organizations reported that Temasek would pay between $180 million and $200 million for a roughly 10 percent interest in Virtu.
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