BondDesk, which was launched in 1999 and bought by Advent in August 2006, achieved annual revenue growth of more than 25 per cent between 2004 and 2008.
Advent has said that it expects this growth to continue due to “the growing demand from baby boomers retiring and the subsequent movement of assets into the more stable fixed-income arena.”
BondDesk CEO Howard Edelstein said, “BondDesk has been a pioneer in the electronic trading of fixed income and has built a powerful platform that provides financial advisors and their clients, as well as small to mid-sized institutions with liquidity, transparency and investor protection.
Earlier this month it was reported that Advent teamed up with fellow private equity firm Blackstone to bid for Munder Capital Management.
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