Warburg Pincus to buy ITG's energy research unit for $120.5 mln
U.S. private equity firm Warburg Pincus has agreed to acquire ITG Investment Research, the Calgary-based energy financial research group of ITG (NYSE: ITG). Under the terms of the agreement, Warburg Pincus will pay US$120.5 million in cash. It plans to invest in the energy research group to enhance its product offering and service capabilities, and to continue its growth for institutional and oil and gas clients. The deal is expected to close by the end of the year.
6 November 2015•4 mins read
