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- Singapore’s GIC plans to acquire 30% of Mergermarket Group
July 03, 2017
Singapore’s sovereign wealth fund (SWF) GIC is set to acquire a 30 per cent interest in London-based financial news and data company Mergermarket Group. The purchase is said to deliver BC Partners a return of more than two times its original investment.
According to sources familiar with the matter, GIC has valued Mergermarket at about £1 billion ($1.31 billion) and is currently in a state of advanced discussions. The development was initially reported by Sky News.
Incepted in 2000, Mergermarket has expanded to 67 locations across the US, Europe, Asia and the Middle East and has a subscriber base of 190,000, with news and data about mergers and acquisitions to more specialised information.
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