Carlyle et al. buy Dealogic for $700m

Carlyle is funding the deal from its Carlyle Partners VI fund, which totals $13bn. The consortium of investors has acquired Dealogic as well as two related joint ventures from management and founders, who have reinvested equity into the deal.

Euromoney has acquired a 15.5% stake in Dealogic for $59m.

The fresh funding will be used to roll out new software products, as well as funding a buy-and-build growth strategy.

Debt
The deal was supported by debt from JP Morgan Chase Bank, Barclays Capital and Deutsche Bank.

Company
Dealogic provides data and analytics, market intelligence and capital markets software for financial institutions – predominantly investment banks.

Established in 1983, Dealogic is headquartered in London and New York with further offices in Hong Kong, Budapest, Tokyo, Mumbai, Sydney, Beijing and Sao Paulo.

Last year the company reported adjusted earnings of $66.7m on $152.3m in revenues.

People
Cam Dyer is managing director at Carlyle. Tom Fleming is CEO of Dealogic. Randall Winn is a managing member, co-founder and former CEO of Capital IQ.

Advisers
Equity (Carlyle) – Latham & Watkins (Legal).
Equity (Euromoney) – Gleacher Shacklock (Financial due diligence); Herbert Smith Freehills (Legal).
Company – Investec (Corporate finance); Linklaters (Legal).

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