NEW YORK--(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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Leucadia National Corporation
Laura Ulbrandt, 212-460-1900
Source: Leucadia National Corporation