Investment Summary

ION Group Exits Acuris

On May 10, 2019, ION Group invested in information services company Acuris from BC Partners and GIC

Investment Highlights
  • This is ION Group’s 1st transaction in the Information Services sector.
  • This is ION Group’s 5th transaction in the United Kingdom.

Investment Summary
Date 2019-05-10
Target Acuris
Sector Information Services
Investor(s) ION Group
Sellers(s) BC Partners
GIC
Deal Type Add-on Acquisition

Target

Acuris

London, United Kingdom
website
Acuris is a provider of global corporate financial news, intelligence, and analysis to advisory firms, investments banks, law firms, hedge funds, private equity firms and corporations operating in 65 countries. Acuris was formed in 2000 and is based in London, United Kingdom.

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Investor(S) 1

Investor

ION Group

Dublin, Ireland

website

Category Company
Founded 1998
Sector Software
DESCRIPTION

ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporations. The Company's proprietary software offers a flexible, open, customizable and cost-effective trading solutions that provides real-time integration of market data with internal systems.

DEAL STATS #
Overall 10 of 16
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 10 of 16
Country (United Kingdom) 5 of 6
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 Allegro Development

Dallas, Texas, United States

Allegro Development is a provider of comprehensive energy trading and risk management software to customers in the exploration and production, refining and marketing, utilities and trading markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-14 Broadway Technology

New York, New York, United States

Broadway Technology is a provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo. Broadway's solutions handle over $100 trillion of trading volumes annually within the fixed income and foreign exchange markets. Broadway Technology was founded in 2003 and is based in New York.

Buy -

Seller(S) 2

SELLER

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.

DEAL STATS #
Overall 44 of 54
Sector (Information Services) 2 of 2
Type (Add-on Acquisition) 10 of 10
Country (United Kingdom) 11 of 12
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 OVS

Mestre, Italy

OVS operates as a fashion retailer in Italy and Internationally. OVS S.p.A. engages in the clothing market, creating, developing and marketing menswear, womenswear, and childrenswear under the OVS and UPIM brands. OVS S.p.A. also owns the UPIM brand, which is positioned in the value segment of the men's women's and children's clothing market in Italy and mainly targets families. OVS was founded in 1928 and is based in Mestre, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Teneo

New York, New York, United States

Teneo is a global consulting and communications firm that provides strategic advisory services to CEOs and C-level executives of the world's leading companies. The company's core service is providing strategic and communications services, which covers a wide array of engagements such as customer communications, crisis management, investor relations, digital and social media consulting, executive recruitment, and litigation management. Teneo was founded in 2011 and is based in New York City.

Sell -
SELLER

GIC

Investor Investor Investor Investor Investor

website

Category Sovereign Wealth Fund
Founded 1981
Size Mega
Type Sector Agnostic
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.

DEAL STATS #
Overall 4 of 10
Sector (Information Services) 1 of 2
Type (Add-on Acquisition) 2 of 4
Country (United Kingdom) 1 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-04 India Grid

New Delhi, India

India Grid is an infrastructure Investment Trust (“InvIT”) in the Indian power sector. IndiGrid owns 6 operating projects consisting of 13 transmission lines with 3,361 ckms length and 3 substations with 7,000 MVA transformation capacity. India Grid is based in New Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 WaterBridge

Houston, Texas, United States

WaterBridge develops, owns and operates permanent, integrated water infrastructure networks to address the long-term produced water management requirements of its blue-chip customer base under long-term, fee-based contracts. WaterBridge is based in Houston, Texas.

Buy $2.8B
Mergr

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