GIC buys 30% of financial intelligence firm Mergermarket

GIC has bought a 30 per cent stake in Mergermarket Group.
GIC has bought a 30 per cent stake in Mergermarket Group.PHOTO: BLOOMBERG

SINGAPORE - GIC has bought a 30 per cent stake in Mergermarket Group from private equity player BC Partners.

Founded in London in 2000, Mergermarket is a global financial intelligence company, providing corporate financial news and analysis through a wide variety of different products. It offers proprietary, forward-looking and actionable intelligence that cannot be accessed elsewhere, to a wide range of investor, advisory and corporate clients.

Chief investment officer of private equity at GIC, Choo Yong Cheen, commented: "Mergermarket is a clear leader in its sector led by a strong management team. The company provides subscribers with essential and often proprietary content, driving strong renewal rates and impressive long-term growth."

Mergermarket has over 1,200 staff in 65 different locations worldwide. Mergermarket was acquired by BC Partners via a carve-out from Pearson in 2014 for £382 million and since that time has delivered impressive double-digit top-line growth each year.

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Since the acquisition, BC Partners has worked closely with the Mergermarket management team on a number of key initiatives to accelerate this growth, including transforming its IT platform, enhancing the data offering, and supporting seven strategic add-on acquisitions that have expanded the business into new product areas.

Following the transaction, BC Partners will continue to hold more than a 60 per cent stake in Mergermarket and will work closely alongside GIC as the company embarks on its next chapter of growth.

Nikos Stathopoulos, managing partner at BC Partners, commented: "BC Partners invested in Mergermarket due to its must-have data and information, attractive subscription-based business model, consistent track record of growth and strong."

Hamilton Matthews, CEO at the Mergermarket Group, commented: "We are delighted to welcome GIC as our new partner alongside BC Partners."