TA Associates and Reverence complete Russell Investments acquisition

By Iris Dorbian — 4 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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