Mergermarket

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The Mergermarket Group (Mergermarket Ltd) is a media company which is part of the Financial Times Group. Through its web-based products Mergermarket, Dealreporter, Debtwire, PaRR, Wealthmonitor, Remark and its acquisition of Infinata and Xtract Research, The Mergermarket Group provides the advisory, corporate and financial communities with actionable financial intelligence, analysis and data. Mergermarket subscribers include more than 3,500 advisory firms, investment banks, law firms, hedge funds, private equity firms and corporates. The company now has over 800 staff including a 500-strong team of specialist journalists and analysts in 65 locations around the world with headquarters in London, New York and Hong Kong.

History

Mergermarket was incorporated in December 1999 by founders Caspar Hobbs, Charlie Welsh and Gawn Rowan Hamilton.

In August 2006 the company was acquired by The Financial Times Group,[1] publisher of the Financial Times newspaper and FT.com. FT Group is a division of Pearson PLC, the international media group.

In September 2007, The Mergermarket Group acquired Infinata, an information solutions and marketing analytics provider to the global financial service, life science, and high technology industries.

In March 2010 the company acquired Xtract Research, which provides bond covenant data to help investors understand the impact of covenants on valuation.

In November 2013 Pearson agreed to sell Mergermarket to London private equity investor BC Partners in a transaction valuing the business intelligence and news service at £382m including debt.[2]

On 15 January 2014, Moody's Investors Service assigned a B3 corporate family rating to the Mergermarket Group. Moody's also assigned a (P)B2 rating to the £150m first lien term loan due 2021 and US$40m Revolving Credit Facility maturing in 2019, and a (P)Caa2 rating to the £70m second lien term loan due 2022, to be issued by Mergermarket USA Inc. The outlook on all ratings is stable. This is the first time Moody's has assigned a rating to Mergermarket.[3]

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References

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