Private equity firm Hg is reportedly preparing a potential sale of FE fundinfo, the UK-based financial data and analytics provider it backed in 2018, according to a report by Reuters citing sources familiar with the matter.
The firm has begun lining up advisers to evaluate strategic options for the company, which could be valued at more than £1.4bn ($1.9bn) based on forecasted £70m in EBITDA for this year and an anticipated valuation multiple in excess of 20x.
Sources close to the process, who requested anonymity as the discussions are private, indicated that a formal sales process may begin towards the end of 2025, though timing could slip into early next year. Hg and FE fundinfo declined to comment.
Founded through the merger of FE, fundinfo, and F2C in 2018, FE fundinfo has grown into a leading provider of investment data and performance analytics for asset managers and financial institutions. The company’s recent M&A activity — including the acquisitions of Fundipedia, Lunar AI, and German fintech firm Dericon — has helped expand its footprint in Europe and enhance its technology capabilities.
The business is expected to attract strong interest from a mix of strategic buyers, including global exchanges and wealth management platforms, as well as private equity firms, reflecting continued investor appetite for scaled, data-driven fintech assets.
Hg has a strong track record in financial technology and software investments, including stakes in businesses such as Access Group, IRIS Software, and Sovos.
