This content is from: Innovation

CVC Capital To Buy ConvergEx

CVC Capital is acquiring technology company ConvergEx.

CVC Capital is acquiring technology company ConvergEx. The private equity and investment advisory firm will close the all cash transaction by the end of 2011. Financial terms of the deal have not been disclosed. As part of the deal, current ConvergEx management team, led by Chairman and CEO Joseph Velli, will continue to manage the company.

Goldman Sachs, JPMorgan Chase, Citigroup and Barclays Capital are advising ConvergEx, while CVC is being advised by Bank of America Merrill Lynch, DeutscheBank Securities and Morgan Stanley. CVC got fully committed funding from Bank of America Merrill Lynch, Barclays Capital, Deutsche Bank Securities, affiliates of Morgan Stanley and Citigroup Global Markets.

Click here for the release from CVC Capital.

Related Content