BC's Mergermarket Group buys C6 Intelligence

The deal is understood to have been valued at less than £20m and financed with cash from Mergermarket's balance sheet.

Mergermarket already operates a portfolio of risk and regulatory brands including FCPA Report, Hedge Fund Law Report, Policy & Regulatory Report Capital Profile and Wealthmonitor. The company is expected to leverage the acquisition of C6 to benefit from the growth drivers at play in the financial services compliance market, targeting the risk and compliance departments of banks, hedge funds and professional services.

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.

BC Partners has been supporting an acquisitive growth strategy for Mergermarket, bolting on Perfect Information for £26m in June 2014 and New York-based publisher The Law Report Group the following month. In September this year, Alchemy Partners-owned publisher Incisive Media sold its private equity portfolio, comprising the unquote" and Asian Venture Capital Journal (AVCJ) titles, to Mergermarket.

Company
Headquartered in London, C6 Intelligence is a data provider aiming to help businesses manage risk. The company covers areas including customer due diligence, enhanced due diligence and fraud intelligence. C6 claims it combines public and proprietary sourcing to identify risks associated with new and existing business relationships.

People
Darren Innes is the CEO of C6 Intelligence. Hamilton Matthews is the CEO of Mergermarket.

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