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TPG Agrees to Buy GlobeOp for 508 Million Pounds

Feb. 1 (Bloomberg) -- TPG Capital LLP agreeed to buy GlobeOp Financial Services SA, a hedge fund administrator, for about 508 million pounds ($800 million).

The private equity firm will pay 435 pence a share in cash, 49 percent more than the closing price on Jan. 5, the day before GlobeOp said it was in talks to be acquired, TPG said in a statement today.

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To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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