Latest news with #FEfundinfo
Yahoo
7 days ago
- Business
- Yahoo
Exclusive-Hg weighs sale of $1.9 billion financial data firm FE fundinfo
By Amy-Jo Crowley and Emma-Victoria Farr LONDON/FRANKFURT (Reuters) -Buyout company Hg has begun lining up advisers to explore a possible sale of its financial data firm FE fundinfo, three people familiar with the matter told Reuters, following on from a series of deals in the highly valued sector. The London-based FE fundinfo could generate around 70 million pounds ($93.2 million) in earnings before interest, taxes, depreciation, and amortisation this year and could fetch more than 20 times this in a sale. That would make it worth more than 1.4 billion pounds, one of the sources said. All three sources spoke on condition of anonymity because the talks are private. They said no final decision had been taken and preparations were at an early stage. Although they expected Hg to proceed with an auction towards the end of the year, the timeline could slip into next year. Hg and FE fundinfo declined to comment. FE fundinfo, which provides investment data and performance analysis to asset managers and other financial institutions, is expected to attract attention from global exchange and wealth management groups as well as private equity firms, one of the people said. In a series of deals over recent years, companies that provide specialised financial technology and data to clients including banks, asset managers and investment groups, have changed hands at elevated valuation multiples. Financial software provider SS&C Technologies in July bought Calastone for about 766 million pounds, and UK data group Preqin was sold to BlackRock last year for 2.55 billion pounds. A possible sale of FE fundinfo also highlights how private equity, after sitting on the sidelines of dealmaking, has again become active, helping drive global M&A to a $2.6 trillion peak year-to-date. The company was created in 2018 through the merger of three companies FE, F2C and fundinfo, the same year that Hg became an investor. It has made five acquisitions in the last year, including data firm Fundipedia in May, UK-based Lunar AI in April and German fintech specialist Dericon last year, all for undisclosed amounts. FE fundinfo connects fund managers and fund distributors, which it says enables them to share and act on trusted information to make investment more efficient. ($1 = 0.7519 pounds) Sign in to access your portfolio
CNA
7 days ago
- Business
- CNA
Exclusive-Hg weighs sale of $1.9 billion financial data firm FE fundinfo
LONDON/FRANKFURT :Buyout company Hg has begun lining up advisers to explore a possible sale of its financial data firm FE fundinfo, three people familiar with the matter told Reuters, following on from a series of deals in the highly valued sector. The London-based FE fundinfo could generate around 70 million pounds ($93.2 million) in earnings before interest, taxes, depreciation, and amortisation this year and could fetch more than 20 times this in a sale. That would make it worth more than 1.4 billion pounds, one of the sources said. All three sources spoke on condition of anonymity because the talks are private. They said no final decision had been taken and preparations were at an early stage. Although they expected Hg to proceed with an auction towards the end of the year, the timeline could slip into next year. Hg and FE fundinfo declined to comment. FE fundinfo, which provides investment data and performance analysis to asset managers and other financial institutions, is expected to attract attention from global exchange and wealth management groups as well as private equity firms, one of the people said. In a series of deals over recent years, companies that provide specialised financial technology and data to clients including banks, asset managers and investment groups, have changed hands at elevated valuation multiples. Financial software provider SS&C Technologies in July bought Calastone for about 766 million pounds, and UK data group Preqin was sold to BlackRock last year for 2.55 billion pounds. A possible sale of FE fundinfo also highlights how private equity, after sitting on the sidelines of dealmaking, has again become active, helping drive global M&A to a $2.6 trillion peak year-to-date. The company was created in 2018 through the merger of three companies FE, F2C and fundinfo, the same year that Hg became an investor. It has made five acquisitions in the last year, including data firm Fundipedia in May, UK-based Lunar AI in April and German fintech specialist Dericon last year, all for undisclosed amounts. FE fundinfo connects fund managers and fund distributors, which it says enables them to share and act on trusted information to make investment more efficient. ($1 = 0.7519 pounds)
Reuters
7 days ago
- Business
- Reuters
Exclusive: Hg weighs sale of $1.9 bln financial data firm FE fundinfo
LONDON/FRANKFURT, Aug 6 (Reuters) - Buyout company Hg has begun lining up advisers to explore a possible sale of its financial data firm FE fundinfo, three people familiar with the matter told Reuters, following on from a series of deals in the highly valued sector. The London-based FE fundinfo could generate around 70 million pounds ($93.2 million) in earnings before interest, taxes, depreciation, and amortisation this year and could fetch more than 20 times this in a sale. That would make it worth more than 1.4 billion pounds, one of the sources said. All three sources spoke on condition of anonymity because the talks are private. They said no final decision had been taken and preparations were at an early stage. Although they expected Hg to proceed with an auction towards the end of the year, the timeline could slip into next year. Hg and FE fundinfo declined to comment. FE fundinfo, which provides investment data and performance analysis to asset managers and other financial institutions, is expected to attract attention from global exchange and wealth management groups as well as private equity firms, one of the people said. In a series of deals over recent years, companies that provide specialised financial technology and data to clients including banks, asset managers and investment groups, have changed hands at elevated valuation multiples. Financial software provider SS&C Technologies in July bought Calastone for about 766 million pounds, and UK data group Preqin was sold to BlackRock (BLK.N), opens new tab last year for 2.55 billion pounds. A possible sale of FE fundinfo also highlights how private equity, after sitting on the sidelines of dealmaking, has again become active, helping drive global M&A to a $2.6 trillion peak year-to-date. The company was created in 2018 through the merger of three companies FE, F2C and fundinfo, the same year that Hg became an investor. It has made five acquisitions in the last year, including data firm Fundipedia in May, UK-based Lunar AI in April and German fintech specialist Dericon last year, all for undisclosed amounts. FE fundinfo connects fund managers and fund distributors, which it says enables them to share and act on trusted information to make investment more efficient. ($1 = 0.7519 pounds)
Finextra
29-05-2025
- Business
- Finextra
FE fundinfo acquires Fundipedia
FE fundinfo, the leading financial data company connecting the investment industry across the UK, Europe and Asia Pacific, has today announced the acquisition of Fundipedia, a centralised data solution designed to help asset managers capture, store, validate and manage their critical product data, before downstream dissemination and reporting. 0 Founded in 2007, Fundipedia provides a SaaS data management platform and workflow solutions tailor-made for asset managers. Their products successfully address critical operational challenges such as centralised data storage, data validation, manual processing and regulatory compliance to improve accuracy and efficiency across the fund lifecycle at the source. The acquisition is a natural extension to FE fundinfo's data strategy, giving clients greater transparency and control of their product information at the source. Fundipedia will be connected with FE fundinfo's wider Nexus ecosystem, providing clients the opportunity to seamlessly power client and regulatory reporting as well as dissemination to FE fundinfo's worldwide network. Clients will be able to save time, cost and reduce risk with the assurances of good data governance, workflow automation and artificial intelligence. The combination will deliver benefits to FE fundinfo and Fundipedia clients such as: • A comprehensive system of record to capture, store, manage and distribute multiple product classes • Reduced reliance on spreadsheets and manual processes, leading to greater efficiencies • Improved data validation to strengthen the effectiveness of downstream processes • Advanced data governance to support evolving compliance needs and ensure regulatory agility • Expanded access to resources and expertise, particularly across product development, client experience, services and support Leveraging FE fundinfo's established presence across the UK, Europe and Asia Pacific, the acquisition represents a major opportunity to scale Fundipedia's product more broadly, benefitting all involved. FE fundinfo will continue to invest in Fundipedia, accelerating product development and the launch of new features, such as deeper workflow automation and AI, to meet global client needs. This marks FE fundinfo's fifth acquisition in the past 12 months, reflecting the company's strategic growth trajectory and its commitment to connect the investment ecosystem and help asset and wealth managers manage complexity, respond to evolving regulation and deliver greater value to investors. Liam Healy, CEO at FE fundinfo, said: 'Data is at the core of everything we do for our clients. The digital transformation of the investment management industry demands data integrity and efficiency at scale. Fundipedia helps address this foundational challenge for our clients. I'm incredibly excited about the combination, and all involved, to amplify our existing data strategy, regulatory and client reporting and dissemination across our network.' Simon Swords, Managing Director at Fundipedia, said: 'Fundipedia was designed to empower asset managers with the comprehensive data insight needed to navigate data governance and regulatory demands. Joining FE fundinfo allows us to bring that mission to a broader audience, with the support and scale needed to invest further in our platform to strengthen our data curation and validation capabilities."
