30 Jun '17, 10am

Singapore makes news with Mergermarket swoop

Singapore makes news with Mergermarket swoop

A giant Singaporean state-backed fund is close to snapping up a big stake in Mergermarket Group in a deal that will value the subscription-based data provider at around £1bn. Sky News has learnt that the Government Investment Corporation (GIC) of Singapore is in advanced talks with BC Partners, the buyout firm which has owned Mergermarket since 2014, about the purchase of roughly 30% of the company. The transaction, which is likely to be signed in the next few days, will underline the growing value of proprietary financial news and data providers whose subscription-based models attract reliable recurring revenues. If completed, it will be the latest in a string of big investments in UK-based companies by GIC, which owns stakes in assets as diverse as the RAC breakdown recovery service and a portfolio of student accommodation in cities including Bristol, Edinburgh and Londo...

Full article: http://news.sky.com/story/singaporean-state-fund-gic-snap...

Tweets

Singapore wealth fund GIC in talks to buy stake...

ft.com 30 Jun '17, 4pm

All the benefits of Standard Digital, plus: Unlimited access to all content Instant Insights column for comment and analys...

Singapore’s GIC in talks to buy 30% stake in Me...

ft.com 30 Jun '17, 12pm

All the benefits of Standard Digital, plus: Unlimited access to all content Instant Insights column for comment and analys...

Singapore State Fund Said to Confront Complaint...

bloomberg.com 27 Jun '17, 1am

Global Logistic Properties Ltd. , the $9.6 billion warehouse developer, has been running since the start of the year. In M...