BC-backed Mergermarket buys Creditflux

Greg Gille
06 January 2016

Tweet
Facebook
LinkedIn
Google plus
Send to

BC Partners-backed Mergermarket Group, the parent company of unquote", has acquired Creditflux, a business intelligence company focused on credit funds and collateralised loan obligations (CLO).

The deal was designed to add to Mergermarket's real-time fixed income intelligence and data provision business, which already comprises the Debtwire and Xtract Research products.

No additional equity or debt was required to fund the purchase, as was the case for Mergermarket's previous bolt-on of C6 Intelligence, unquote" understands.

The deal follows swiftly from two other add-ons for the business in the later half of 2015. Mergermarket first acquired the unquote" and AVCJ private equity titles from Incisive Media in September, before bolting on risk management information business C6 Intelligence in November.

Prior to that, Mergermarket bought Perfect Information for £26m in June 2014 and New York-based publisher The Law Report Group the following month.

Previous funding
BC acquired Mergermarket from Pearson Group in December 2013 for £382m. BC emerged as the successful bidder following news in September 2013 that several private equity firms were courting the business, including HgCapital and Advent International.

Pearson had acquired Mergermarket from Beringea in August 2006 through its subsidiary, Financial Times Group, according to unquote" data.

Company
Based in London, Creditflux provides intelligence, analysis, data and events covering CLO and credit fund pricing, investments, trading and returns. It was established in 2001. Revenues and headcount remain undisclosed.

People
Hamilton Matthews is the CEO of Mergermarket. Mike Peterson is the managing editor and founder of Creditflux.