BC Partners, a London-based private equity firm, as per recent reports this week, has sold its majority stake in Acuris, a New York-based leading global financial information provider, to ION Investment Group (IIG), a Dublin-based provider of mission-critical trading and workflow automation software.
As per recent reports, ION has now acquired a controlling stake in Acuris from BC Partners and GIC, Singapore’s sovereign wealth fund, while BC Partners and Acuris management, who are reinvesting, will be retaining minority ownership.
Acuris specializes in providing investors, advisories, and corporate clients with proprietary insights and analytics across six major areas, namely: fixed income, transactions, equities, infrastructure, compliance, and research. Furthermore, the firm’s product offerings, which include Mergermarket and Debtwire, serve nearly 5,000 subscribing clients.
Speaking on this, Hamilton Matthews, Acuris CEO, states, “We are excited to partner with ION and will benefit from the strength of their platforms and their network of relationships with financial institutions and corporations.”
“Acuris’ leading position in financial intelligence, data, and analytics is highly complementary to ION’s business,” adds Andrea Pignataro, ION’s CEO, and Founder. “Together, ION and Acuris will continue to deliver innovative, differentiated intelligence and solutions to financial institutions and corporations.”
Acuris has an employee headcount of 1,500, stationed at 66 locations all around the world.