Overview of Transaction
- On October 25, 2010, Majestic Research Corp. ("Majestic" or "Company") announced its sale to Investment Technology Group, Inc. ("ITG") for $56 mm
- Majestic is an independent financial research business that utilizes proprietary methods and tools to gather and analyze unique and incisive data for its equity and market research
- Going forward, Majestic will be known as ITG Investment Research
- Majestic's equity and market research will complement ITG's current portfolio of research tools for institutional investors
- Majestic's equity and market research will enable ITG to offer even more compelling value across the investment continuum to portfolio managers, analysts and traders
- FT Partners served as exclusive strategic and financial advisor to Majestic and its Board of Directors and helped the Company to evaluate various strategic alternatives
- This is transaction showcases FT Partners' expertise in the active market data, info services, research, distribution and risk management sub sectors of the securities and capital markets technology sector.