TA sells GlobeOp block
Espírito Santo Investment Bank, the recently rebranded Execution Noble, placed a tranche of shares in independent financial administrator GlobeOp Financial Services on Tuesday raising £81.1m for private equity firm TA Associates.
TA Associates bought GlobeOp in 2003 and floated the company in 2007. The then Noble Group last sold GlobeOp stock for TA Associates in October 2009. Following this weeks placement, the private equity firm has retained a stake of less than 5%.
A total of 18.85m shares, or 18%
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