Falfurrias to sell Dorsey Wright to NASDAQ for $225 mln

Falfurrias Capital Partners has agreed to sell Richmond, Va.-based registered investment advisor Dorsey, Wright & Associates to NASDAQ for $225 million.

The deal is expected to close in the first quarter of this year.

Wells Fargo Securities provided financial advice to Falfurrias on the transaction.

Falfurrias made a undisclosed investment in Dorsey Wright in 2011.

Last October, peHUB reported that Falfurrias was looking to sell Dorsey Wright for more than $200 million.

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