The sale, which was announced on 22 January 2003, involved the transfer of Gains International Asia Holdings Limited, Gains International (US) Inc. and Gains International (Europe) Limited from Gains International Infocom Holdings BV, of which Tullett is the majority shareholder. The remaining 28.6% of the company was owned by Tokyo-based Totan IT.
In a separate but related agreement, IPC Acquisition Corp. exercised its option to purchase Gains International (US) Inc and Gains International (Europe) Limited from GS Capital Partners 2000 and other private equity funds affiliated with Goldman Sachs.
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