Temasek, an investment firm based in Singapore, has agreed to acquire stake in Virtu Financial, a technology enabled market maker and liquidity provider to the global financial markets.

Temasek will acquire nearly a 10% stake in Virtu Financial for about $180m from Silver Lake, according to a Bloomberg report.

Douglas Cifu, CEO of Virtu, said: "Their extensive knowledge and relationships in Singapore, Asia and the Far East will be particularly beneficial as we look to expand into new asset classes and geographies."

Mike Bingle, a managing partner of Silver Lake and a director of Virtu, said: "Silver Lake is proud of its investment in Virtu, and we look forward to participating in the Company’s future growth alongside Temasek as an investment partner. We value their insights and believe they can add significant value to Virtu as a direct investor."

Upon completion of the acquisition Mike Bingle will continue to serve as a director on Virtu’s Board.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.