5/30/2023 0 Comments The millennium saga![]() ![]() Potential buyers could include private equity firms and financial services companies which operate custodian and asset management businesses, the sources said. Millennium Trust, which is owned by buyout firms Abry Partners and Parthenon Capital Partners, is working with financial advisors JPMorgan Chase & Co (JPM.N) and Raymond James Financial Inc (RJF.N) on the sale process, the sources said. ![]() Federal Reserve to fight inflation.Ĭredit ratings agency S&P Global Inc said last month the higher rates boost the revenue Millennium Trust receives from interest on the cash deposit balances of customers. ![]() The sale effort comes as Millennium Trust's business is buoyed by higher interest rates adopted by the U.S. retirement account custodian, including a sale that could value it at as much as $8 billion, including debt, people familiar with the matter said on Wednesday. The private equity owners of Millennium Trust Company are exploring options for the U.S. NEW YORK, April 26 (Reuters) - (This April 26 story has been corrected to fix revenue description in paragraph 3) ![]()
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