General Atlantic set to buy 10% Nymex stake

As predicted in FO Week (see FO Week Vol 10 No 31), New York Mercantile Exchange (Nymex) has chosen General Atlantic to acquire an equity stake in the exchange. Nymex has announced that a letter of intent has been signed for the private equity firm to buy a 10% stake for $135m, valuing Nymex at $1.35bn post-investment.

Nymex chairman Mitchell Steinhause said in a statement that the "announcement follows a thorough review by...