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.
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