Tullett to sell data network

Tullett plc, one of the world’s leading inter dealer brokers, is to sell its specialist voice and data network services subsidiary Gains International to GS Capital Partners 2000, a Goldman Sachs private equity fund, for up to £15.4m (€23m).

Pending consent of regulatory bodies, GS Capital Partners will acquire Gains International Asia Holdings Limited, Gains International (US) Inc. and Gains International (Europe) Limited from Gains International Infocom Holdings BV, of which Tullett is the majority shareholder.