Singapore sovereign wealth fund Temasek eyes $500m deal for Markit

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Singapore sovereign wealth investor Temasek could invest $500m in UK financial information services company Markit, according to the Financial Times.

The report said it was in “advanced talks” to acquire an undisclosed stake in the London-based company. It was founded in 2001 by Lance Uggla and a group of executives working in credit trading at TD Securities.

Markit is backed by US growth equity firm General Atlantic, which invested $250m back in 2010, for a 7.5 per cent stake. The deal at the time valued the company at near to $3bn.

The company is also said to be exploring other options, including an IPO, the report said.

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