Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Carlyle Group to buy U.S. software data provider Dealogic for $700 million

Published 11/05/2014, 08:26 PM
Updated 11/05/2014, 08:30 PM
© Reuters A general view of the lobby outside of the Carlyle Group offices in Washington

(Reuters) - Carlyle Group LP said it would partner with other investors to buy U.S-based financial data provider Dealogic in a deal valued at $700 million.

Carlyle, one of the world's largest private equity firms, said it would partner with Randall Winn, former chief executive officer of Capital IQ, and Euromoney Institutional Investor Plc for the deal.

Carlyle's equity for the transaction will come from Carlyle Partners VI, a $13 billion U.S. buyout fund.

Dealogic's software and data platform are the standard for the investment banking industry, Carlyle said in a statement.

Dealogic provides its data solutions to more than 500 clients globally including the world's top 50 investment banks, Carlyle said.

Barclays Capital Inc and J.P. Morgan Limited are the financial advisors to the Carlyle Group and Deutsche Bank Securities Inc and Latham & Watkins (London) LLP is the legal advisor, the company said in a statement.

© Reuters. A general view of the lobby outside of the Carlyle Group offices in Washington

The deal is subject to regulatory approval and is expected to close by the end of 2014.

(Reporting by Rosmi Shaji in Bangalore; Editing by Lisa Shumaker)

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.