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Goldman Sachs takes minority stake in Tora

23 February 2010  |  1713 views  |  0 Source: Tora Holdings

Tora Holdings, Asia's leading provider of advanced trading technology and financial services, announced today that The Goldman Sachs Group, Inc. (NYSE: GS), has made a minority investment in the company.

Tora will use the proceeds from the investment to accelerate geographic expansion. This will include further penetration in Asian markets such as Singapore and Australia. Additionally, Tora will focus on greenfield opportunities in Europe.

"Tora is a leader in the development of electronic trading solutions that address the specific challenges and complexities of investing in Asian markets," said Robert Dykes, CEO of Tora. "We are well-positioned for growth given the outlook for regional trading volumes, increased adoption of electronic trading in Asia and -- most importantly -- our strong client service orientation. The investment from Goldman Sachs is a milestone for the company and will allow us to broaden the depth and breadth of our service offering."

FT Partners served as exclusive strategic and financial advisor to Tora.

 

 

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