Temasek’s Strategic Investment in Virtu Financial

On December 7, 2014, Virtu Financial LLC (“Virtu”), a leading technology‑enabled market maker and liquidity provider to the global financial markets, announced that Temasek, a global investment firm based in Singapore, has agreed to make a strategic investment in Virtu. Cravath represented Temasek in connection with this transaction. Temasek will make a minority investment in Virtu by purchasing a portion of the equity investment held by Silver Lake Partners, which will continue to be a minority shareholder in Virtu. Terms of the transaction were not disclosed.

The Cravath team was led by partner Ting S. Chen and included associates Nicholas M. Foley and Brendan M. Cottington on M&A matters; partner Lauren Angelilli and associates Andrew Carlon and Jonathan D. Grossman on tax matters; partner J. Wesley Earnhardt and associate Daniel A. Richards on regulatory matters; partner David J. Kappos and associate Nicholas A. Jackson on intellectual property matters; and associate Amy C. Benford on executive compensation and benefits matters.