LONDON/NEW YORK, June 5 (Reuters) - The London Stock
Exchange Group ( LDNXF ) and S&P Global ( SPGI ) are among
potential bidders for data provider Preqin, four people with
knowledge of the situation said.
The owners of the UK data firm that focuses on the private
equity industry are considering options including a full sale of
the business, and are being advised by Goldman Sachs, three of
the people said.
Those following the sale, first reported by the Financial
Times and now in its second round, believe it could raise north
of $2 billion, the three people said, speaking on condition of
anonymity because the process is private.
S&P already has a strategic partnership with Preqin to share
data on their respective platforms.
Preqin, S&P, LSEG and Goldman Sachs declined to comment.
Founder Mark O'Hare has a controlling stake in Preqin according
to Companies House filings. O'Hare did not respond to a request
for comment.
Preqin was founded in 2003 and specialises in data about the
alternative investment industry. The UK-based company has
subscribers in more than 90 countries, according to a Companies
House filing.
Revenue for the year ending Dec. 31 2022 was 134 million
pounds ($171 million), an increase of 45% on 2021, according to
its Companies House filings. An operating loss of 7.9 million
pounds widened from a 3.2 million pound loss in 2021.
In 2021, Preqin bought a controlling stake in fund
administration data provider Colmore.
LSEG bought Refinitiv in January 2021 for $27 billion to
compete more effectively with global market data leader
Bloomberg. LSEG pays Reuters for news.
($1 = 0.7823 pounds)