A private equity firm which specialises in financial technology investments is finalising a £400m takeover of a leading provider of data to the asset management industry.
Sky News has learnt that Motive Partners is on the brink of a deal with Intermediate Capital Group to buy With Intelligence. Motive, which owns stakes in companies such as the wealth technology platform FNZ, saw off competition from rival bidders Cinven and Flexpoint Ford.It is said to be projecting an annual profit next year of about £25m.
Source: News Formal (newsformal.com)
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