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Announced

Completed

TA Associates completed the acquisition of Russell Investments from London Stock Exchange for $1.15bn.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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United States

investment management

Asset Managers and Custodians

Acquisition

Completed

Friendly

Single Bidder

Domestic

Private

Private Equity

Majority

Synopsis

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TA Associates, a private equity firm, completed the acquisition of Russell Investments, an American investment firm, from London Stock Exchange, a company that enables companies and governments from around the world to issue securities, such as shares or bonds, to raise capital, for $1.15bn. "We are very pleased to complete the acquisition of Russell Investments and, together with Reverence Capital, begin our new relationship with this established and highly respected market leader. We will utilize our industry knowledge, experience and global resources to help accelerate Russell Investments’ growth," Todd Crockett, TA Associates Managing Director.

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