Mergermarket’s fourth owner faces the toughest job LiamWardProud
BC Partners and Singapore’s sovereign wealth fund GIC on May 13 agreed to sell a majority stake in financial media and data business Acuris to Dublin-based holding company Ion Group. The Financial Times reported that the deal was worth 1.35 billion pounds.
Acuris owns the Mergermarket and Debtwire news-service brands, and claims 115,000 daily users and almost 5,000 subscribing companies. BC Partners agreed to buy Mergermarket from Pearson in 2013. The FT reported that it will retain a 25% stake in the business while GIC, which bought 30% in 2017, is selling out.
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