Bond broker, Chapdelaine & Company, is looking for potential buyers as its deal with Hong Kong-based Primus Financial Holdings is yet to close, Bloomberg reports. Primus had agreed to buy 70% of Chapdelaine in April 2010.
CRT Capital Group, the broker-dealer backed by private-equity firm Aquiline Capital Partners, and the brokerage arm of Citadel are considering bids. Chapdelaine, launched in 1966, is a municipal bond broker that formed Chapdelaine Credit Partners in January 2009 to trade corporate bonds and structured debt.
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