Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Russell Finds a Buyer Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 8, 2015

Russell Finds a Buyer

News summary by MFWire's editors

It's official: private equity firm TA Associates is buying Russell [profile] for $1.15 billion, or approximately .42 percent of Russell's $252 billion AUM. Additioanlly, Reverence Capital Partners partnered with TA on this deal and the folks there will make a "significant" minority investment in Russell.

Todd Crockett
TA Associates
Managing Director
Todd Crockett, a managing director at TA, says that "We are delighted to partner with such an established and highly respected market leader in the investment management industry."

This development comes a few weeks after news broke that the leading bidder for Russell, Citic Securities, was being investigated by the Chinese government for insider trading. That firm's $1.8 billion offer was significantly higher than the amount announced today.

Citic was one of three bidders, along with another Chinese firm, Shanda, and Towers Watson. TA was not known to be among the bidders for Russell.

Earlier this year, TA bought North Star, the parent company of the mutual fund back office firm Gemini, and sold off its stake in First Eagle [profile] to Blackstone and Corsair.

According to the press release, the deal is expected to close in the first half of next year.  

Edited by: Max Viscio


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use