Mergermarket rebrand fuels speculation of possible sale

 
James Somper
The Square Mile - London's Financial District
Speculation is rife that Mergermarket is about to be sold (Source: Getty)

Financial information giant Mergermarket will rebrand this summer, raising speculation among City figures that the company is about to be sold.

Mergermarket Group, which is owned by private equity firm BC Partners, provides specialised market news and analysis to a number of top City investment banks, hedge funds and law firms.

Read more: Mergermarket continues global expansion by buying Creditflux

The company, which employs over 1,000 staff in 65 locations across the globe and is estimated to be worth between £800m and £1bn, will rebrand this summer as Acuris.

BC Partners have received a number of approaches over the possible sale of Mergermarket, including one from the Chinese investment firm Xio, the Sunday Times reported. However, BC Partners has reportedly declined the offer.

Read more: Mergermarket appoints EY advisers to sell its life sciences arm for £20m

A deal is expected to be finalised in the next 18 to 24 months.

Mergermarket, which recently completed a $20m (£15.6m) deal to sell its Infanta life sciences division, is also in the process of buying financial technology company TIM for an estimated £30m.

BC Partners declined to comment while Mergermarket Group did not respond to a request to comment.

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