BC Partners has agreed to buy The Mergermarkt Group, a financial information business, from Pearson for £382 million (€458 million, $623 million).
The all-cash transaction is expected to close by the end of the first quarter of 2014, according to a Pearson statement.
It is understood the auction for Mergermarket was hotly contested with BC fending off between 40 and 50 bidders, including Warburg Pincus in the final round.
BC declined to comment beyond the statement.
Mergermarket, founded in 1999, is a provider of global corporate financial news, intelligence and analysis to advisory firms, investments banks, law firms, hedge funds, private equity firms and corporations. It has a presence in 65 countries worldwide and a product portfolio that includes brands such as Mergermarket, Debtwire, DealReporter, Infinata, Wealthmonitor, and Xtract Research.
BC Partners will support Mergermarket’s continued growth, the development of its products and services and the expansion of its international customer base. It will also pursue selective acquisition opportunities, BC said in a statement.
“Mergermarket is a high quality company… with an attractive business model, strong growth, and loyal customers. We [will] continue to invest in the growth of the business through product development and geographical expansion to deliver value and innovation to customers,” Nikos Stathopoulos, BC’s managing partner, said.
BC is no stranger to investments in business information and media space. Recent investments in the sector include Bureau van Dijk, a provider of business and financial information specialising in private companies and Springer Science+Business Media, a publisher of business, academic, and scientific journals.
BC is currently investing its ninth fund which closed on €6.7 billion in 2011.