PE Firm TowerBrook Takes Control Of Peer Adviser Vistage

Law360, New York (October 31, 2012, 6:44 PM EDT) -- Investment management firm TowerBrook Capital Partners LP has purchased a majority interest in the world's largest peer advisory firm, Vistage International Inc., for an undisclosed price, Vistage announced Wednesday.

London-based Towerbrook took control of San Diego-based Vistage, which reports revenue of close to $300 billion annually, in a joint effort with private equity firm Education Growth Partners from a consortium of private investors. Terms of the transaction were not disclosed, but the deal is expected to close by the end of November, according to Vistage....
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