AVCJ

Singapore's GIC buys 30% stake in Mergermarket

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Singapore’s GIC Private has acquired an approximately 30% stake in Mergermarket Group – AVCJ’s parent company – from BC Partners. The size of the transaction was not disclosed.

Mergermarket was acquired by BC Partners via a carve-out from Pearson in 2014 for GBP382 million (then $622 million). The PE firm claims to have worked with management on various growth initiatives, including improving its IT platform and data offerings and supporting seven add-on acquisitions. Mergermarket has recorded double-digit topline growth each year since the acquisition, with EBITDA approximately doubling over the period.

BC Partners will continue to hold a more than 60% stake in the company following GIC’s investment, which is subject to standard regulatory approvals.

“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. We look forward to working with BC Partners and supporting the business in achieving its ambitions over the coming years,” Yong Cheen Choo, CIO of private equity at GIC, said in a statement.

Founded in London in 2000, Mergermarket provides corporate financial news and analysis through a wide variety of different products. The company has more than 1,200 staff in 65 different locations worldwide. Mergermarket acquired AVCJ in 2015.

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