CVC Capital To Buy ConvergEx For $1.9B

CVC Capital Partners is set to acquire New York-based investment technology company ConvergEx.

CVC Capital Partners is set to acquire New York-based investment technology company ConvergEx, Bloomberg reports. The transaction is likely to be valued at nearly $1.9 billion.

Bank of New York and GTCR Golder Rauner own nearly two-thirds of ConvergEx. The company’s management team and directors hold the remaining interest. In a separate development, the company, in May 2011, filed to raise nearly $400 million.

Click here for the story from Bloomberg.