CVC Capital is close to reaching a $1.9 billion deal for software company ConvergEx, Reuters reported, citing Bloomberg. ConvergEx, which provides software for brokerage and investment technology firms, filed in May to raise up to $400 million in an initial public offering.
(Reuters) – Private equity firm CVC Capital is close to a deal to buy ConvergEx, a software provider for brokerage and investment technology firms, for $1.9 billion, Bloomberg reported on Monday.
ConvergEx in May filed with the U.S. Regulators to raise up to $400 million in an initial public offering. J.P. Morgan (JPM.N), Citi (C.N), Barclays Capital (BARC.L), Goldman Sachs (GS.N) were to underwrite the offering. Bank of New York (BK.N) part owns ConvergEx, the report said.
ConvergEx, CVC and Bank of New York declined comment. (Reporting by Megan Davies; Additional reporting by Svea Herbst in Boston)