TA Associates, Reverence Capital Partners to Acquire Russell Investments from London Stock Exchange for $1.15B

TA Associates, a leading global growth private equity firm, today announced it has signed a definitive agreement to acquire Frank Russell Company's asset management business ("Russell Investments") from London Stock Exchange Group plc (OTC:

) in a transaction valued at US$1,150 million, subject to customary closing adjustments. Reverence Capital Partners ("Reverence Capital") partnered with TA Associates and will make a significant minority investment in Russell Investments. The transaction is contingent upon standard regulatory and other required approvals and is expected to be completed in the first half of 2016. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20151008006284/en/ Russell Investments is a leading global investment manager, with a nearly 80-year heritage of delivering innovative solutions, strong