Warburg Stands to Make 3x Money on Wall Street Systems Sale, More on Iron Data--UPDATED

I have more info on the Wall Street Systems sale. Yesterday, I reported that ION Trading, which is backed by TA Associates, was buying Wall Street Systems. Warburg Pincus owns a majority of the company. The PE firm expects to make make more than 3x its investment on the sale of Wall Street Systems, a person says. Wall Street Systems is selling for north of $500 million, two sources say. Deutsche Bank is advising on the sale, sources say.

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