Tora Completes Minority Capital Raise
Overview of Transaction
- On February 23, 2010 Tora Holdings ("Tora") announced it has completed a minority capital raise with The Goldman Sachs Group, Inc.
- Terms of the transaction were not disclosed
- Tora is a leading electronic trading technology and agency brokerage firm that offers innovative solutions for the Asian financial markets that span the entire trading process for institutional investors
- TORA Compass, the Company's flagship EMS / OMS trading platform, provides the broadest market access in Asia and is designed to provide industry leading performance
- The investment will support Tora's rapid growth and its continued geographic expansion
- Highlights the continued focus on Asia as a meaningful region of growth for the foreseeable future
- FT Partners served as exclusive strategic and financial advisor to Tora in this transaction
- Demonstrates FT Partners' ability to establish strong relationships with top financial technology firms and assist them in achieving their long-term strategic goals
- Highlights FT Partners' strength in the securities and capital markets technology sector