Creditex auction delayed: TA Associates looking to sell derivatives broker.

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Creditex auction delayed: TA Associates looking to sell derivatives broker.(FINANCIAL SERVICES)

Publication: European Venture Capital Journal
Publication Date: 01-JUN-08

Format: Online
Delivery: Immediate Online Access

Article Excerpt
US private equity firm TA Associates has stalled the sale of Creditex, a UK credit derivatives broker, following market concerns.

TA hired corporate finance house Evercore last year to run the auction process which began in October and was due to finish before April.

However, a in...

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