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FT Partners Serves as Strategic and Financial Advisor to Parthenon Capital Partners

FT Partners Serves as Strategic and Financial Advisor to Parthenon Capital Partners
Overview of Transaction
  • On August 12, 2013, eSecLending, a leading global securities lending agent, announced its acquisition by Parthenon Capital Partners (“Parthenon”), a growth oriented private equity firm based in Boston and San Francisco
  • eSecLending provides customized securities lending, auction and collateral management solutions for institutional investors globally, including asset managers, pension funds, insurance companies and corporations; since inception in 2000, the Company has auctioned close to $3 trillion in assets
  • Financial terms of the transaction were not disclosed
Significance of Transaction
  • As part of the transaction, Parthenon / eSecLending will appoint Craig Starble as the Company's Chief Executive Officer
  • Starble brings a depth of management experience in the securities lending industry from his former roles as Executive Vice President and Head of Securities Finance at State Street as well as CEO of Premier Global Securities Lending
  • Parthenon seeks to capitalize on the Company's unique market position and differentiated business model as anticipated regulatory, risk and compliance changes begin to take shape in the market
FT Partners' Role
  • FT Partners served as strategic and financial advisor to Parthenon in this transaction
  • Demonstrates FT Partners' ability to establish strong relationships with top private equity firms and assist them in buy-side search and advisory
  • The transaction highlights FT Partners' continued strength in the securities and capital markets technology sectors