Securities-Lending Manager in Deal With TA

Securities-Lending Manager in Deal With TA
By Jeffrey Kutler

TA Associates, a Boston-based private equity firm with an expanding portfolio of financial technology holdings, has announced an agreement to become the majority owner of eSecLending, which operates a platform for managing auctions of securities loans. As majority owner, TA will displace global asset manager and eSecLending founder Old Mutual, while a minority stake will be held by the target firm's management.

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