Senin, 22 Februari 2016

Betaville

Betaville

Revealed: Argus Media Group appoints bankers to carry out sale of up to £1 billion - part 4

Posted: 22 Feb 2016 12:46 AM PST

Tucked away in the news digest of today's The Sunday Times business section is an item about some of the bidders in the running to purchase Argus Media Group, which has been put up for sale by the founder's family.

Singaporean sovereign wealth fund Temasek, and publishers Verisk Analytics, Hearst and IHS are named as potential purchasers that expressed an interest in the commodities news and data provider.

However, little old Betaville understands that exchanges such as the Chicago Mercantile Exchange and Hong Kong Exchange have requested information on Argus Media Group. Intercontinental Exchange has also been tipped as a potential acquirer.

Meanwhile, there is a long list of private equity firms vying to purchase Argus Media Group including Hellman & Friedman, Silver Lake Partners, Warburg Pincus, Permira and Cinven.

A sale of the Nasmyth family's 50pc stake in Argus Media Group is considered most likely as Adrian Binks, executive chairman and a large shareholder, is thought to be keen to remain invested in the company.

Bids are due in in the next few weeks, according to well-placed sources.

Argus Media Group declined to comment.
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