Growth investor General Atlantic has agreed to make an equity investment in Markit, a financial information services company.
The companies say the addition of General Atlantic as a shareholder positions Markit for long-term growth and adds an investor in financial sector innovation to Markit’s existing shareholder base.
General Atlantic will assist Markit in developing its growth strategy further and executing value-creating acquisitions.
Lance Uggla (pictured), chief executive of Markit, says: "We are delighted to welcome General Atlantic as a shareholder in Markit. GA is one of the leading investment firms in financial services and having them as a partner is an affirmation of our business model and enhances the opportunity we have for building long-term value. This significant investment marks an important milestone in Markit’s strategy and evolution, and we will benefit immensely from GA’s support and Bill Ford’s participation on our board."
Bill Ford, chief executive of General Atlantic, adds: "Markit is an innovative, entrepreneurial firm with a great management team. As a financial information services industry leader, Markit is well-positioned to deliver the independent, high quality products and services that market participants need. We look forward to contributing to the next stage of Markit’s growth as a strategic partner."
