Mergermarket appoints EY advisers to sell its life sciences arm for £20m
Data giant Mergermarket Group is mulling a £20m sale of its life sciences arm Infinata.
The group, which publishes financial news website Dealreporter and runs data services like Debtwire, has appointed EY to advise on the deal, the Sunday Times reported.
The sale is expected to conclude within weeks.
Private equity giant BC Partners, which owns Mergermarket, is reportedly plotting a sale of the news and data business for as much as £1bn. The business has previously received takeover offers from the likes of XIO Group, a private equity vehicle backed by Chinese investors.
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BC Partners snapped up Mergermarket from Pearson in 2013 in a deal that valued the business intelligence and news service at £382m including debt.
Its reporters are currently based in 67 locations across the Americas, Europe, Asia-Pacific, the Middle East and Africa.
Mergermarket and BC Partners did not respond to requests for comment.