360T secures new investment

- Joel Clark
- 17 Feb 2012

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Private equity firm Summit Partners has signed a deal to acquire a majority stake in Frankfurt-based trading technology provider 360T Group, which operates a multibank foreign exchange platform for institutions and corporates.

The deal with Summit Partners will involve a partial divestiture of a stake held by German private equity firm Brockhaus Private Equity, although the firm will continue to be a shareholder.

360T was founded in 2000 by chief executive Carlo Kölzer and founding partner

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