Thu, Aug 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eze Castle Software and RealTick sale completed

Tuesday, April 09, 2013
Opalesque Industry Update - ConvergEx Holdings, LLC announced that it has completed its previously announced sale of Eze Castle Software LLC and RealTick LLC to an affiliate of TPG. ConvergEx will now focus exclusively on expanding the global brokerage and trading‐related services it provides to institutional investors and financial intermediaries.

“ConvergEx is an exceptional global franchise with a wealth of talented employees and a loyal customer base,” said ConvergEx Chairman and Chief Executive Officer Joseph M. Velli. “We see a great number of opportunities in our future as we keep innovating and delivering differentiated technology‐driven solutions, while providing superior client‐first service.”

ConvergEx’s management structure and investor base remain unchanged after the completion of the transaction. Eze Castle Software and RealTick will operate under the name Eze Software Group. ConvergEx will maintain a close relationship with Eze Software Group through a cooperative marketing arrangement to ensure that each firm’s services will continue to be offered on an integrated basis. Each firm will also cross‐sell the other company’s services.

Goldman, Sachs & Co., J.P. Morgan Securities LLC and Citigroup acted as financial advisors to ConvergEx. Kirkland & Ellis served as legal counsel. Financial terms were not disclosed.

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Investors yank money from hedge funds after poor performance[more]

    From Marketwatch.com: A growing exodus from hedge funds extended to two of the biggest names in the industry Tuesday, Tudor Investment Corp. and Brevan Howard, as disenchanted investors increasingly shun what was once the hottest place to put money. The funds’ problem is clear: They just aren’t perf

  4. Banks look at hedge funds differently - and it should matter to allocators[more]

    From Valuewalk.com: Looking at two bank reports on the same topic can often yield interesting results. There are times when bank research is best viewed from the standpoint of how their analysis does or does not correlate with one another. Regarding hedge fund allocation decisions, one bank appears

  5. Legal - Hedge fund’s fixer kept deals flowing with bribes, U.S. says, Big four banks sued by U.S. hedge funds over BBSW, Lessons for hedge fund managers from the government's failed prosecution of alleged insider trading[more]

    Hedge fund’s fixer kept deals flowing with bribes, U.S. says From Bloomberg.com: With the Miami villa, stopovers at New York’s Plaza Hotel and millions channeled in bribes to win mining deals, Samuel Mebiame was the relationships guy in a corruption scheme that spanned continents, accord