BC Hires Goldman Sachs, JPMorgan for Mergermarket Sale
(Bloomberg) -- BC Partners has hired Goldman Sachs Group Inc. and JPMorgan Chase & Co. to advise on the sale of Acuris, the financial news and information company that includes the Mergermarket and Debtwire brands, people familiar with the matter said.
The private equity firm is hoping to fetch more than 1 billion pounds ($1.3 billion) for Acuris, the people said, asking not to be identified because the deliberations are private. Discussions are at an early stage and no final decisions have been made, they said.
BC sold an approximately 30 percent stake in the company to Singapore sovereign wealth fund GIC Pte in 2017. BC originally invested in the company, formerly known as Mergermarket Group, in 2014 and has added to its initial 382 million pound investment through a number of acquisitions. Acuris’s brands also include Dealreporter, SparkSpread and Wealthmonitor among others.
Representatives for BC, Goldman and JPMorgan declined to comment.
Acuris competes with Bloomberg in providing financial news and information.
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