Summit Partners to sell 360T for $794.8 mln

Summit Partners said Wednesday it agreed to sell 360T Group to Deutsche Börse AG for total cash consideration of €725 million (US$794.8 mln). Frankfurt-based 360T provides software that helps corporations, banks and other financial firms trade currencies, money-market products and derivatives with each other. Hengeler Mueller and Jefferies LLC advised 360T.

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