Sixth Street has agreed to acquire a minority stake in private equity-backed commodities data and analytics provider Kpler in a transaction valuing the business at more than $3.7bn, according to a report by Reuters citing unnamed people familiar with the matter.
The stake is being sold by existing private equity owners Insight Partners and Five Arrows, marking a partial exit for the shareholders as demand continues to build for proprietary data platforms that can support artificial intelligence applications and advanced analytics.
Investor appetite for high-quality datasets has accelerated in recent months, with buyers increasingly willing to pay premium valuations for businesses that can supply structured, real-time information used in model training, forecasting tools and automated decision-making systems.
The investment has been structured as preferred equity, providing Sixth Street with seniority in the capital structure and typically including downside protection features such as return thresholds and conversion rights. The structure is designed to limit downside risk while preserving participation in potential upside if Kpler continues its growth trajectory.
Kpler, which specialises in real-time intelligence on global energy and shipping flows, has expanded rapidly in recent years as demand for granular commodities and trade data has increased across financial markets and corporate supply chains.
Earlier reporting indicated that Kpler had engaged Evercore to explore interest in a minority stake sale process.
