Private equity firm buys into Refco
US private equity firm Thomas H. Lee Partners (THL) has acquired a majority stake in Refco, the New York-based broker.
Refco has not divulged the financial terms of the deal, although the broker did say the transaction values the company at approximately $2.25 billion. THL is taking a 57% stake, leaving Phillip Bennett, Refco’s chief executive, with the remaining 43% stake.
Robert Mercorella, Refco’s New York-based senior
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