Private equity firm Hg is reportedly preparing for a potential sale of its financial data portfolio company, FE fundinfo, sources told Reuters. The UK-based fintech firm, which delivers performance analytics and data solutions to asset managers and financial institutions, could be valued at more than £1.4 billion ($1.9 billion) based on estimated 2024 EBITDA of £70 million and a potential sale multiple exceeding 20x.
While no final decision has been made and discussions are still in early stages, Hg is expected to launch a formal auction process by year-end, though it may extend into 2025. The firm has not commented on the matter.
FE fundinfo is likely to draw interest from global stock exchanges, wealth management platforms, and private equity players amid renewed appetite for high-margin financial data firms. The possible exit comes on the heels of similar high-profile deals, including SS&C’s acquisition of Calastone for approximately £766 million and BlackRock’s £2.55 billion purchase of Preqin.
Founded through the 2018 merger of FE, fundinfo, and F2C—the same year Hg took a stake—FE fundinfo has since made five strategic acquisitions, including Fundipedia, Lunar AI, and Dericon, to expand its reach in Europe and deepen its data capabilities. The firm acts as a digital connector between fund managers and distributors, facilitating more efficient investment decisions through trusted data.
Source: Reuters
