Latest Nymex private equity offer takes collaborative form

22 Aug 2005

The competition for a piece of New York Mercantile Exchange (Nymex) among private equity firms took another turn last week as the three private equity firms in the running appeared to be preparing a joint offer for a 20% stake in the exchange.

Sources said that Blackstone Group and Battery Ventures, which have long courted Nymex executives for a minority stake in the exchange, along...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

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