Transactions


a portfolio company of

a portfolio company of

and minority-owned by

and minority-owned by

has been acquired by

has been acquired by

Financial advisor to GTCR and Convergex

Financial advisor to GTCR and Convergex

May 2017

Freeman & Co. Acted as Financial Advisor to GTCR and Convergex
Date
May 2017
Industry
Broker-Dealer, Financial Technology, Private Equity
Transaction
Sell-Side M&A
Deal Value
$101,000,000

Cowen Group, Inc. has agreed to acquire Convergex Group, LLC from private equity firm GTCR, Bank of New York Mellon and other shareholders

May 2017 – Cowen Group, Inc. (Cowen) has acquired Convergex Group, LLC (Convergex) from private equity firm GTCR, Bank of New York Mellon and other shareholders.

Convergex is a leading agency-focused global brokerage and trading-related services provider with business units spanning equity sales and electronic trading, commission management, global clearing and prime services.

Highly complementary transaction with approximately $200mm in Convergex revenue for 2016 and very little client overlap with existing Cowen businesses.

Freeman & Co. acted as exclusive financial advisor to Convergex on the transaction.