Second Nymex investor unlikely

Despite receiving a higher offer for a stake in the exchange from private equity firm Battery Ventures, New York Mercantile Exchange (Nymex) has indicated that it will not move from its initial commitment to use General Atlantic (GA) as its sole private equity partner as the exchange moves towards IPO.

Despite Nymex's recent acceptance of GA's $135m bid for a 10% stake in the exchange (see FO Week Vol 10 No 28), Battery last week came back into the arena...