Private equity firm Hg is to become a shareholder in investment ratings and research firm FE to create a partnership with its European fund ratings arm fundinfo.
It was announced today that HgCapital Trust plc will invest approximately £7.5m in FE, with other institutional clients of Hg investing alongside the company through the Mercury 2 Fund. The terms of the transaction were not disclosed and completion is subject to regulatory approval. Sebastien Briens, partner at Hg, said: "We have been following FE for a number of years, and have been impressed by the strength and depth of its data, products, team and vision. We are very pleased to partner with Michael, Craig and Neil in the next stage of growth for the business." Neil Bradford, CEO...
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