TPG Capital has purchased a 30% stake in Danish online trading platform Saxo Bank. The deal is valued at $560 million, adds Financial Times. TPG also has an option to increase its stake eventually to 40%. Post-deal, Saxo founders Kim Fournais and Lars Christensen will keep their majority stake in the platform and continue in their roles as CEOs. Investors selling out of Saxo Bank include Banco Espírito Santo, Portugal’s largest publicly traded lender by market capitalization.
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