GTCR to exit ConvergEx with Dash sale


GTCR, ConvergEx, Dash Financial, merger, M&A, private equity, Flexpoint Ford
Trader Jason Harper (R) waits for trading to begin on MaxPoint Interactive Inc. during the company's IPO on the floor of the New York Stock Exchange March 6, 2015. The online advertising software provider said it was offering 6.5 million shares priced at $11.50/share compared with an expected range of $10.50-$12.50. The company's IPO raised about $75 million. REUTERS/Brendan McDermid (UNITED STATESBUSINESS - Tags: BUSINESS SCIENCE TECHNOLOGY) - GM1EB37069X01
  • GTCR bought Eze Castle and BNY Mellon’s institutional business in 2006
  • In 2007, ConvergEx acquired LiquidPoint
  • ConvergEx sold Eze Castle/RealTick in 2013 to TPG
With the sale of Dash Financial Technologies, GTCR will exit ConvergEx after more than 11 years. Dash said March 7 that Flexpoint Ford was buying the company from GTCR. Terms weren’t disclosed. Peter Maragos and David Karat, Dash’s co-founders, are ...

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