ION and Carlyle Recapitalise Dealogic
ION Investment Group ("ION") and The Carlyle Group announced a recapitalization of Dealogic, a global provider of data and analytics for the capital markets, in which ION is acquiring a controlling stake in the company and Carlyle and management are retaining significant ownership. The transaction is subject to customary approvals and is expected to close in the fourth quarter of 2017.
Headquartered in New York and London with offices in Hong Kong, Budapest, Tokyo, Mumbai, Sydney, Beijing, Singapore, and São Paulo, Dealogic provides solutions to more than 800 clients globally including each of the world’s top 50 investment banks.
Cam Dyer, Managing Director and Co-head of Carlyle’s global Technology, Media and Telecom group, said, “Our partnership with Tom, his team and our co-investors, including FiveW Capital, Euromoney and the company’s other co-founders, has further established Dealogic as a leader in capital markets technology and created substantial shareholder value. Over the last 3 years, we have positioned the company for continued long-term success that can now be further extended by leveraging ION’s complementary capabilities, solutions and customers. I look forward to continuing to strengthen Carlyle’s partnership with Andrea, Tom and their teams.”
Tom Fleming, CEO of Dealogic, said, “We are excited to partner with ION and will benefit from the strength of their platforms and their established network of relationships with financial institutions and corporations. On behalf of my firm and my team, I extend my gratitude to Cam and his team for their support and guidance during the last 3 years and we look forward to continuing our successful partnership with Carlyle."
Andrea Pignataro, ION’s CEO and Founder, said, “Dealogic’s leading position in data, analytics, and market intelligence is highly complementary to ION's business. Together we will be able to accelerate the digitization and automation of capital markets and introduce innovations to how financial institutions, investors and issuers conduct their business. Carlyle continues to be a great partner in supporting our growth strategy.”
UBS Investment Bank acted as exclusive financial advisor to ION and provided committed financing in support of the transaction. J.P. Morgan acted as exclusive financial advisor to Dealogic on the transaction.