BC Partners seeks $400m loan for Mergermarket deal


stock brokerage market share listedPrivate equity firm BC Partners is reportedly seeking $400m in loan to fund the acquisition of financial information service Mergermarket.

The company is raising a £150m seven-year loan and a £70m eight year loan in addition to a $40m revolving credit line, said Bloomberg, citing a person with knowledge of the transaction.

The funding will be raised on behalf of Mergermarket, said the source.

Mergermarket reported a net income of £25m on revenues of £100m in 2012.

BC Partners bought Mergermarket from UK publishing group Pearson in November last year.

Mergermarket, which was launched in 1999, has a presence in 65 countries. In addition to Mergermarket, its brands include Debtwire, DealReporter, Infinata, Wealthmonitor, and Xtract Research.

BC said it would support Mergermarket develop its products and services, win new customers and expand via acquisitions.

It was previously reported that Advent International, Exponent and HgCapital were considering making bids for Mergermarket, which Pearson CEO John Fallon said was worth £300m.

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