Summit Takes Stake In German Trading Platform Provider

Law360, New York (February 16, 2012, 6:44 PM EST) -- Growth equity investor Summit Partners will acquire a majority stake in the German 360T Group, a Web-based trading technology provider, for an undisclosed amount, the companies announced Thursday.

Summit, which has offices in the U.S., London and Mumbai, India, will purchase part of the 360T stake currently held by German technology investment firm Brockhaus Private Equity, which will remain a shareholder after the transaction, according to a joint statement Summit and 360T issued Thursday.

The companies did not disclose financing information.

The Frankfurt-based 360T Group will...
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