Private equity firm Technology Crossover Ventures (TCV) has taken a minority stake in multi-bank trading platform FXall for $77.5 million. FXall declined to reveal what percentage of the company this represents, but in February, Euromoney revealed that the company, established in 2000 by a consortium of 17 banks, was in discussions with private equity to sell a stake of between 25% and 30%.
FXall says TCV’s investment will help it accelerate its growth, “while supporting FXall’s core strategy of providing asset managers, banks, broker-dealers, corporations and hedge funds with foreign exchange execution and post-trade services as well as deep liquidity across all currency pairs.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
