LSE to sell Russell Investments for £752m

Private equity firm will acquire business

London Stock Exchange Group (LSEG) has agreed the sale of multi-asset solutions provider Russell Investments to private equity firm TA Associates for gross proceeds of £752m.

The cash deal is priced at the bottom end of what the market had expected, according to reports. Private equity company Reverence Capital Partners partnered with TA Associates and will make a significant minority investment in Russell Investments. The deal follows the announcement by LSEG in February of its intention to sell the asset management business it acquired with Frank Russell, the index compiler, for $2.7bn in June 2014. Its purchase of Russell was part of the LSE's bid to expand into the US and exploit demand for passive investment management. Which parts of your portf...