Posted under Venture Capital
from http://www.pehub.com 987 days ago

360T Group, a Frankfurt, Germany-based multi-asset trading platform, has received an undisclosed amounting of funding from the growth-equity firm Summit Partners, headquartered in Boston. Summit is buying part of its stake in 360T from the Frankfurt-based private equity firm Brockhaus Private Equity, which remains a shareholder. 360T will remain an independent company.

PRESS RELEASE:

FRANKFURT AM MAIN, GERMANY and LONDON, UK (February 16, 2012)—360T Group, the leading independent global provider of a multi-bank, multi-asset trading platform, announced today that growth equity investor Summit Partners has signed a definitive agreement to invest in the company. The investment will position 360T for continued strong global growth. The investment will position 360T for continued strong global growth. The investment will involve a partial divestiture of the stake held by Brockhaus Private Equity, which will continue to be a 360T shareholder after the transaction.

360T, the leading B2B web-based model in Europe, will ...

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