In the private equity sweepstakes for part ownership of New
York Mercantile Exchange (Nymex), General Atlantic last week
appeared to be edging out Blackstone Group and Battery Ventures
for a minority share of the exchange.
General Atlantic, an $8bn venture capital firm based in
Greenwich, Connecticut, which has become the largest
shareholder of Chicago's Archipelago Holdings, has put in $240m
bid for a 20% stake in Nymex, according to a source close to
That surpassed the $200m offer for the same percentage share
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