Ion Investment Group has agreed to buy a majority stake in Acuris, the financial news and information company that owns Mergermarket and Debtwire, from BC Partners and GIC Pte.
The deal values Acuris at 1.35 billion pounds ($1.76 billion), a person familiar with the matter said, asking not to be identified because the financial details are private.
Private equity firm BC Partners announced the deal May 13, following reports last week that an agreement was close. London-based BC Partners and Acuris management will reinvest in the business and keep a minority stake, BC said in the statement, without disclosing terms. ...
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