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New Deal


Announced

BC Partners and HPS Investment Partners to acquire Broadway Technology from ION Group.

Synopsis

BC Partners, an alternative investment manager focused on private equity, credit, and real estate, and HPS Investment Partners, a global investment firm that seeks to provide creative capital solutions, completed their acquisition of Broadway Technology, a provider of high-performance front-office fintech solutions to sell-side and buy-side clients, from ION Group, a company which is delivering mission-critical trading and workflow automation software to financial institutions, corporations, central banks, and governments. Financial terms were not disclosed.

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