Summit to Acquire 360T Group
February 21, 2012
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Summit Partners has entered into a definitive agreement to acquire 360T Group, a provider of web-based trading technology for over-the-counter financial instruments—particularly currency exchange, short term money market loan/deposits and interest rate derivatives. Summit is partnering with the company's management, which is led by CEO and significant shareholder Carlo Koelzer. The investment involves a partial divestiture of the minority stake held by Brockhaus Private Equity.
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