ION Investment Group is acquiring a controlling stake in Acuris, a global provider of proprietary financial intelligence, data and analytics, from BC Partners and GIC, Singapore’s sovereign wealth fund.
The terms of the deal were not disclosed. However, the FT quoting “three people with direct knowledge of the deal” describe it as a £1.35bn deal. BC Partners and Acuris management are reinvesting and will retain minority ownership.
The Company, then named Mergermarket, was founded in 1999 and acquired by Pearson in 2006 for £101 million plus a subsequent earn-out. In 2015 Mergermarket was acquired by BC Partners from Pearson plc for £382 million. GIC acquired a 30% stake from BC Partners on 2017.
With nearly 1,500 employees in 66 different locations worldwide, Acuris provides proprietary insights and analytics across six key financial areas: fixed income, transactions, equities, compliance, infrastructure and research. Acuris’ differentiated content and products, including Mergermarket, Debtwire and several others.
Andrea Pignataro, ION’s CEO and Founder said “Acuris’ leading position in financial intelligence, data and analytics is highly complementary to ION’s business. Together, ION and Acuris will continue to deliver innovative, differentiated intelligence and solutions to financial institutions and corporations. We are looking forward to partnering with BC Partners to support the company’s growth and development.”
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- BC Partners sells minority stake in Mergermarket Group to GIC Posted on June 30, 2017
- A Fusion Deal: Creditflux sold to Mergermarket Group Posted on January 6, 2016
- Incisive Media sells AVCJ and Unquote to Mergermarket Posted on October 11, 2015