By Jessica Toonkel
NEW YORK (Reuters) - Fixed-income trading platform provider Tradeweb is in exclusive talks to buy BondDesk Group LLC in a deal expected to be valued at up to $200 million, two sources familiar with the situation told Reuters this week.
Private equity firm Advent International Corp tapped Broadhaven Capital Partners LLC to sell BondDesk several weeks ago, and Tradeweb and rival fixed-income trading platform MarketAxess Holdings Inc
A call to Broadhaven was not immediately returned. BondDesk and Tradeweb declined to comment.
While discussions between Tradeweb and BondDesk are at an advanced stage, it is possible that the deal may not materialize, the sources cautioned. The sources wished to remain anonymous because they are not permitted to speak to the media.
For Tradeweb, which is majority-owned by Thomson Reuters Corp
Exchanges and trading platforms like Tradeweb are constantly looking to broaden their offerings and customer bases to diversify their revenue streams. Earlier this year, Nasdaq OMX Group
(Editing by Maureen Bavdek and Matthew Lewis)