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Today's Transactions:
TPG Buys Eze Castle and RealTick

The PE firm will combine the two businesses to create a new company that provides investment technology

By ALLISON COLLINS
January 23, 2013

Private equity firm TPG Capital LP will buy Eze Castle Software and RealTick from ConvergEx Group for an undisclosed amount.

Eze Software develops investment-management technology, while RealTick is an asset-trading platform.

The combined company will be called Eze Software Group and will provide investment technology products. After the deal closes, Eze Software will buy Tradar, a portfolio-management and accounting-services software developer. 

TPG, based in Fort Worth, Texas, has more than $54.5 billion in assets under management. The firm’s portfolio companies include AgraQuest, BioCryst Pharmaceuticals and FleetPride.

The deal was announced on the heels of TPG’s backing of a consortium that agreed to buyout ShangPharma Corp. (NYSE: SHP) for $173 million in December. 

 

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