Acuris

Acuris is a financial news and data firm known for its products fixed income research provider Debtwire and Mergermarket, a specialist in M&A intelligence. It is owned by ION Investment Group, a financial software and data business which owns Fidessa and Dealogic. ION Group bought the company from BC Partners, a private equity group, and GIC Private Limited, Singapore’s sovereign wealth fund, in 2019.[1]

Formerly known as Mergermarket Group (Mergermarket Ltd.), the company has 1,300 staff, including 600 journalists and analysts, in 67 locations around the world,[2] with headquarters in London, New York , Mumbai and Hong Kong.

History

Acuris began with a single product, Mergermarket, which was established in December 1999 by founders Caspar Hobbs, Charlie Welsh and Gawn Rowan Hamilton. Its founding idea was that in the M&A market, “There is a lot of information out there but very little intelligence.”[3]

In August 2006 the company, then known as Mergermarket Ltd, was acquired by The Financial Times Group for £101m,[4][5] publisher of the Financial Times newspaper and FT.com. FT Group was a division of Pearson PLC, the international media group.

In 2013, the company was renamed to Mergermarket Group. In November 2013, Pearson agreed to sell Mergermarket Group to London private equity investor BC Partners in a transaction valuing the business intelligence and news service at £382m including debt. Based on the deal, Mergermarket Group was valued at 15 times its last year operating income.[6]

On 15 January 2014, Moody’s Investors Service assigned a B3 corporate family rating to the Mergermarket Group.[7]

In July 2017, the Mergermarket Group rebranded as Acuris. The announcement of this move fueled speculation that a sale of the company might come in the next year.[8] Indeed, BC Partners sold a minority stake of around 30% to Singapore sovereign wealth fund GIC in July 2017.[9]

In May 2019, BC Partners sold a majority stake in Acuris to ION Investment Group, a financial software and data business which owns Fidessa, in an £1.35bn deal.[10][11] BC Partners will retain a 25% stake in the company, while GIC is selling out.

Services

Acuris sells web-based subscription services organised under six divisions[12]:

  • Fixed Income (including the following services: Debtwire, Xtract Research, and Creditflux)
  • Transactions (including: Mergermarket, Unquote, AVCJ, and Activistmonitor)
  • Infrastructure (including: Inframation and SparkSpread)
  • Risk & Compliance (including: Acuris Risk Intelligence, Wealthmonitor, Anti-Corruption Report, Hedge Fund Law Report, Capital Profile, Cybersecurity Law Report, Private Equity Law Report, and Blackpeak)
  • Equities (including: Dealreporter, PaRR, and TIM)
  • Research (including: Acuris Studios and Perfect Information)

Acquisitions and divestitures

  • 2007 – Infinata
  • 2010 – Xtract Research
  • 2012 – Inframation Group[13]
  • 2013 – Sale of MergerID
  • 2014 – Perfect Information[14]
  • 2014 – Law Report Group[15]
  • 2015 – AVCJ and Unquote[16]
  • 2015 – C6 Group[17]
  • 2016 – Creditflux[18]
  • 2017 – Sale of Infinata[19]
  • 2017 – TIM Group[20]
  • 2018 – Spark Spread
  • 2019 – Blackpeak

References

  1. ^“Dealogic owner ION buys controlling stake in data firm Acuris”. Reuters. 2019-05-13. Retrieved 2019-12-28.
  2. ^“The Acuris Story”. Acuris. 2017-05-17. Retrieved 2017-12-06.
  3. ^“Army major cashes in on Mergermarket sale”. The Independent. 2006-08-09. Retrieved 2017-12-06.
  4. ^https://www.pearson.com/news/announcements/2006/august/pearson-acquires-mergermarket-adds-new-financial-content-and-serv.html
  5. ^“Pearson agrees to sell Mergermarket unit to BC Partners”. Financial Times. Financial Times. 29 November 2013. Retrieved 15 October 2014.
  6. ^http://www.ft.com/cms/s/0/396ca876-58e9-11e3-a7cb-00144feabdc0.html#axzz2piulFB00
  7. ^“Moody’s assigns B3 CFR to Mergermarket; stable outlook”. 15 January 2014.
  8. ^http://www.cityam.com/263372/mergermarket-rebrand-fuels-speculation-possible-sale
  9. ^https://realdeals.eu.com/news/2017/07/03/bc-partners-sells-minority-stake-mergermarket-gic/
  10. ^“Subscribe to read | Financial Times”. www.ft.com. Retrieved 2019-12-28.
  11. ^“BC Partners sells majority stake in Acuris to ION Investment Group”. Acuris. 2019-05-13. Retrieved 2019-12-28.
  12. ^“Welcome to Acuris | Acuris”. www.acuris.com. Retrieved 2019-11-14.
  13. ^“Mergermarket acquires Inframation Group”. Private Equity Wire. 2012-09-14. Retrieved 2017-12-06.
  14. ^“Mergermarket Completes £26M Perfect Info Buy – WatersTechnology.com”. WatersTechnology.com. 2014-06-30. Retrieved 2017-12-06.
  15. ^“Law Report Group sold on to Mergermarket”. www.globallegalpost.com. Retrieved 2017-12-06.
  16. ^“Incisive Media sells AVCJ and Unquote to Mergermarket – Incisive Media”. Incisive Media. 2015-09-22. Retrieved 2017-12-06.
  17. ^“Mergermarket Group Acquires C6 Intelligence”. FinSMEs. 2015-11-12. Retrieved 2017-12-06.
  18. ^Ratcliffe, Madeline (2016-01-06). “Mergermarket continues global expansion by buying Creditflux”. Retrieved 2017-12-06.
  19. ^Harrington, Ben (2017-03-19). “Data giant sells £20m arm”. The Sunday Times. ISSN 0956-1382. Retrieved 2017-12-06.
  20. ^“Mergermarket Group acquisition”. TIM Group. Retrieved 2017-12-06.

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library