News Corp, Axel Springer expected to bid for Mergermarket parent

Wall Street Journal parent News Corp. and Business Insider parent Axel Springer are among those expected to enter a bidding war to acquire Acuris, the owner of Mergermarket and Dealreporter, as an auction gets officially under way this week, reports Javier Espinoza and James Fontanella-Khan of The Financial Times.

Espinoza and Fontanella-Khan report, “Acuris is considered an attractive asset because its subscription-based model, which can draw a steady stream of fees from its 190,000 subscribers, leaves it with a sticky customer base. The business has a renewal rate of 95 per cent, according to a person with direct knowledge of its finances.

“BC Partners bought the business from Pearson — the former owner of the Financial Times — for £382m. It has since more than doubled in value after Singapore’s GIC bought a 30 per cent stake valuing the business at about £1bn.

“Since being acquired by BC Partners, Acuris has seen double-digit growth and has annual earnings before interest, tax, depreciation and amortisation of £75m, a person with direct knowledge of its performance said.

“The private equity group has also cut or sold lossmaking units and introduced new products to expand the business since it bought Acuris in 2013.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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