Leucadia National to Acquire ITG Investment Research (Formerly Known as Majestic Research) from Investment Technology Group
May 10 2016 - 8:00AM
Business Wire
Leucadia National Corporation announced today that it has
entered into a definitive agreement to acquire ITG Investment
Research, LLC (formerly known as Majestic Research) from Investment
Technology Group (“ITG”). Upon completion of the transaction ITG
Investment Research will operate as M Science. Michael V. Marrale,
will serve as Chief Executive Officer of M Science, leaving his
current role at ITG as Executive Committee Member, Managing
Director, and Head of Research, Sales and Trading where he actively
managed ITG Investment Research.
Richard B. Handler, Chief Executive Officer of Leucadia, and
Brian P. Friedman, President of Leucadia, stated: “We are pleased
to acquire the Majestic Research business and look forward to
welcoming the M Science team to Leucadia. We believe big data
analytics and related research will be an increasingly valuable and
important source of insight for investors and businesses, and are
pleased to be acquiring one of the leading and longest-standing
efforts in the field.”
Michael V. Marrale, who will serve as CEO of M Science, stated:
“Our team is excited about the opportunity to partner with Leucadia
as we continue to build the leading independent data analytics
business serving our institutional investor, corporate, private
equity and venture capital clients.”
About Leucadia
Leucadia National Corporation is a diversified holding company
engaged through its consolidated subsidiaries in a variety of
businesses, including investment banking and capital markets, beef
processing, manufacturing, oil and gas exploration and production
and asset management. The Company also owns equity interests in
businesses that are accounted for under the equity method of
accounting, including a diversified holding company, real estate,
commercial mortgage banking and servicing, telecommunication
services in Italy, automobile dealerships and development of a gold
and silver mining project.
About ITG Investment Research
ITG Investment Research (formerly known as Majestic Research) is
a leading provider of big data analytics and research to
institutional, corporate, private equity and venture capital
clients, focused broadly on the consumer, technology, media and
telecom and macro-economic sectors. Since its founding as Majestic
Research in 2002, the company has been a pioneer in the area of
data driven investment and strategy analysis. ITG Investment
Research is a wholly-owned subsidiary of Investment Technology
Group.
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