BC- and GIC-backed Acuris bolts on SparkSpread

The deal comes a year after BC sold a 30% stake in Acuris to Singaporean sovereign wealth fund GIC, following which it retained a stake of more than 60% in the business.

SparkSpread will be integrated into Acuris's infrastructure division following the deal.

Under the GP's five-year tenure to date, Acuris has expanded via an acquisitive growth strategy. The group bought Perfect Information and New York-based publisher The Law Report Group in 2014. It then acquired the Unquote and AVCJ private equity titles from Incisive Media, and bought risk management information business C6 Intelligence the following year. Most recently, it acquired Creditflux – a business intelligence company focused on credit funds and collateralised loan obligations – in 2016 and investment advisory platform TIM Group in May 2017.

Acuris, which rebranded from Mergermarket Group in July 2017, has also invested in product development and its IT infrastructure.

Company
Founded in 2005 and headquartered in New York, SparkSpread is an online news service covering M&A, trading and financing in the global energy industry.

People
Acuris – Hamilton Matthews (CEO).
SparkSpread – Will Ainger, Victor Kremer (co-founders).

Advisers
Vendor – EY (corporate finance).

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