Private equity vies for Mergermarket
HgCapital, Exponent and Advent International have all been linked to the sale of Mergermarket by parent group Pearson.
According to The Independent, the business, which also includes dealReporter and Debtwire, could fetch up to £300m.
It is understood that around 60 firms have requested information on the financial information business. Other interested groups include Warburg Pincus, which is backing one of the company founders Caspar Hobbs, as well as KKR and Apax.
The sales process is being run by JP Morgan Cazenove and first-round bids are expected by mid-October.
Established in 2000, Mergermarket operates through 65 offices and bureaus across Europe, the US, South America, the Middle East, Africa and Asia-Pacific. The company employs more than 800 people, 500 of which are journalists and analysts.
The company was acquired by The Financial Times, a division of Pearson, in 2006.
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