A trio of funding teams are vying to purchase With Intelligence, a supplier of monetary knowledge to hedge funds.
Sky News understands that Motive Partners and Flexpoint Ford are competing towards Cinven, the buyout agency, to accumulate the enterprise.
Final bids are on account of be submitted on Wednesday, in accordance with insiders.
With Intelligence is owned by Intermediate Capital Group (ICG), and owns manufacturers together with Hedge Fund Alert, Eurekahedge and Pension Funds Online.
It is alleged to be projecting an annual revenue subsequent yr of about £25m.
The firm provides knowledge to the asset administration business, an more and more profitable area of interest which has spawned a string of main companies lately.
Earlier this yr, With Intelligence was among the many bidders for elements of MJ Hudson, the stricken asset administration companies group.
ICG as owned the corporate since 2020, when it was generally known as Pageant Media.
Houlihan Lokey, the funding financial institution, is dealing with the With Intelligence public sale.
ICG declined to remark.
Content Source: information.sky.com