BC Partners gears up to sell financial media firm Acuris: Reuters
Summary
Its portfolio of financial news products has grown fast in recent years through a series of add-on acquisitions including the purchase of private equity-focused publication Unquote from Incisive Media .The sources said BC Partners was looking to start an auction process early next year and was working closely with the management team to prepare the financial documentation for potential bidders.BC Partners’ plans to sell Acuris follow a number of transactions in the financial data industry involving heavyweight investors.In October, U.S. buyout fund Blackstone (BX.N) finalised a deal to buy 55 percent of Thomson Reuters Corp ’s Financial and Risk business for about $20 billion.Other recent deals include the 2016 purchase by General Atlantic of oil price reporting agency Argus Media for nearly 1 billion pounds.