Beringea completes sale of Mergermarket

Beringea, the international private equity firm, has completed the sale of portfolio company Mergermarket to the Financial Times Group, a subsidiary of Pearson Plc, the global media company.

Beringea, the international private equity firm, has completed the sale of portfolio company Mergermarket to the Financial Times Group, a subsidiary of Pearson Plc, the global media company.

Completed on 30 September, the sale generated a total return of 14 times the original investment for Beringea and an IRR of 69 per cent.

Beringea first invested in Mergermarket through three of its funds – Global Rights Fund II, ProVen VCT and ProVen Growth & Income VCT – in July 2001. The three funds have received a total consideration of £27 million from the sale.

Hawkpoint and Mayer, Brown, Rowe & Maw acted as financial and legal advisers respectively to the shareholders of Mergermarket in relation to its sale to Pearson Plc.

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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