Parthenon’s Millennium Trust open to offers: sources

Parthenon Capital, Millennium Trust, fintech, 401(k), private equity, merger, M&A
Photo courtesy RichLegg/E+/Getty Images
  • Parthenon acquired majority of Millennium in 2015
  • Millennium paid out dividend earlier this year
  • Parthenon’s fifth flagship closed on $1 bln in 2016
Parthenon Capital Partners is entertaining offers for portfolio company Millennium Trust Co, four sources said. Millennium is not officially up for sale, the sources said. The 401(k) administrator has yet to hire a banker or launch a process, sources said. ...

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