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Singapore's GIC buys 30% stake in Mergermarket

Tuesday, July 04, 2017


(AVCJ)  - Singapore’s GIC Private has acquired an approximately 30% stake in Mergermarket Group – AVCJ’s parent company – from BC Partners. The size of the transaction was not disclosed.

Mergermarket was acquired by BC Partners via a carve-out from Pearson in 2014 for GBP382 million (then $622 million). The PE firm claims to have worked with management on various growth initiatives, including improving its IT platform and data offerings and supporting seven add-on acquisitions. Mergermarket has recorded double-digit topline growth each year since the acquisition, with EBITDA approximately doubling over the period.

BC Partners will continue to hold a more than 60% stake in the company following GIC’s investment, which is subject to standard regulatory approvals.

 

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