VIRTU FINANCIAL ANNOUNCES INVESTMENT BY TEMASEKDecember 08, 2014
NEW YORK, December 7, 2014 - Virtu Financial LLC (“Virtu”), a leading technology enabled market maker and liquidity provider to the global financial markets, today announced that Temasek, a global investment firm based in Singapore, has agreed to make a strategic investment in Virtu. Temasek will make a minority investment in Virtu by purchasing a portion of the equity investment held by Silver Lake, which will continue to be a minority shareholder in Virtu. Terms of the transaction were not disclosed.
Douglas Cifu, CEO of Virtu, said, “Temasek is an ideal partner for Virtu. We appreciate their investment and confidence in our future. Temasek is a world class investor with a strong track record of investing in growth companies around the world. Their extensive knowledge and relationships in Singapore, Asia and the Far East will be particularly beneficial as we look to expand into new asset classes and geographies.”
Mike Bingle, a Managing Partner of Silver Lake and a Director of Virtu, said, “Silver Lake is proud of its investment in Virtu, and we look forward to participating in the Company's future growth alongside Temasek as an investment partner. Temasek has been a strong partner of Silver Lake for more than a decade. We value their insights and believe they can add significant value to Virtu as a direct investor.”
Following the closing of the transaction, Mike Bingle will continue as a Director on Virtu's Board.
Incorporated in 1974, Temasek is an investment company based in Singapore, with a S$223 billion (US$177 billion) portfolio as at 31 March 2014. Temasek's portfolio covers a broad spectrum of sectors: financial services; transportation, logistics and industrials; telecommunications, media & technology; life sciences, consumer & real estate; energy & resources. In addition to Singapore, Temasek has offices in 10 other cities around the world, including Beijing, Shanghai, Mumbai, São Paulo, Mexico City, London and New York.
About Silver Lake Partners
Silver Lake is the global leader in technology investing, with over $23 billion in combined assets under management and committed capital. The firm's portfolio of investments collectively generates more than $85 billion of revenue annually and employs more than 200,000 people globally. Silver Lake has a team of approximately 110 investment and value creation professionals located in New York, Menlo Park, San Mateo, London, Hong Kong, Shanghai and Tokyo. The firm's portfolio includes or has included leading technology and technology-enabled businesses such as Alibaba, Ameritrade, Avago, BlackLine Systems, Dell, Gartner, Global Blue, Go Daddy, IDC, Instinet, MCI, MEDSEEK, Mercury Payment Systems, Multiplan, the NASDAQ OMX Group, Quorum, Sabre, SolarCity, Skype, SMART Modular, SunGard Data Systems, Virtu and William Morris Endeavor. For more information about Silver Lake and its entire portfolio, please visit www.silverlake.com.
Virtu Financial, LLC, is a global electronic market-making firm with operations in New York, Austin, Singapore and Dublin. Virtu is an active market maker across all major financial centers including equities, fixed income, currencies, futures, energy products and other commodities. Virtu's business comprises a significant share in numerous asset classes across over 220 diverse markets around the world, playing a vital role in contributing to the healthy and efficient functioning of global financial markets.
Steve Frankel / Jonathan Keehner
Joele Frank, Wilkinson Brimmer Katcher
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