Securities-Lending Manager in Deal With TA
Securities-Lending Manager in Deal With TA
By Jeffrey Kutler
TA Associates, a Boston-based private equity firm with an expanding portfolio of financial technology holdings, has announced an agreement to become the majority owner of eSecLending, which operates a platform for managing auctions of securities loans. As majority owner, TA will displace global asset manager and eSecLending founder Old Mutual, while a minority stake will be held by the target firm's management.
Full Story:
http://www.securitiesindustry.com/article.cfm?articleid=17243
posted by Victor Lloyd Smith @ 4:28 PM
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