Venture Capital
BC Partners agreed to sell a 30 percent stake in Mergermarket Group to GIC, Singapore’s sovereign wealth fund. Financial terms weren’t announced. BC Partners will continue to hold more than 60 percent of Mergermarket. BC Partners acquired Mergermarket in 2014 from Pearson plc for 382 million pounds ($493.8 million). Mergermarket, of New York, provides financial news and analysis. LONDON – 30 June 2017 – Funds advised by BC Partners (“BC Partners”), a leading private equity firm, have reached an agreement to sell a c.30% stake in the Mergermarket Group (“Mergermarket” or “the company”) to GIC, Singapore’s sovereign wealth fund. The transaction...