Mergermarket, the market intelligence service that produces rankings of the legal advisors appearing on major deals, could be sold, according to its owner.
Pearson, the large UK-based public company best known for its ownership of the Financial Times newspaper, its 50 per cent stake in The Economist, and for its large educational publishing division, has said it is seeking a buyer for Mergermarket.
Pearson bought Mergermarket in 2006 for $192 million.
Sources estimate that the business, which brings in around $150 million in annual revenue, could go for up to $460 million in a sale.
In an announcement last week, Pearson’s management said they planned to focus on educational publishing and were aiming to spin off Mergermarket due to its incompatibility with their future strategy.
Mergermarket was founded in 1999, and later acquired by The Financial Times Group, a division of Pearson.
The subscription service offers access to in-depth M&A deal reporting and analysis, including the famous league tables.
Subscribers include investment banks, law firms, and corporates.
Around 500 journalists and researchers help to prepare the detailed transactional analysis.