TA Associates and Reverence complete Russell Investments acquisition

By Iris Dorbian — 3 months ago

strong>TA Associates and Reverence Capital Partners have closed their acquisition of Russell Investments from the London Stock Exchange Group plc. The deal was valued at $1,150 million. Concurrent with the buyout, Milton Berlinski, managing partner of Reverence; Len Brennan, CEO of Russell Investments; and TA Associates Managing Directors Todd Crockett and Roger Kafker have been added to Russell Investments’ board of directors. Broadhaven Capital Partners provided advice to TA Associates and Reverence Capital on the transaction while J.P. Morgan and Goldman Sachs advised LSEG and Russell Investments. And, Freeman & Co. served as adviser to Russell Investments’ management.

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Searchlight invests in Harbortouch

By Iris Dorbian — 3 months ago

Searchlight Capital Partners LP has made a “significant” investment in Harbortouch Payments LLC, a provider of of integrated payment processing and point of sale system solutions. The transaction was done in partnership with Jared Isaacman, founder and CEO of Harbortouch. No financial terms were disclosed. Financial Technology Partners served as financial adviser to Searchlight on the deal while Goldman Sachs did likewise for Harbortouch.

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