US private equity firm Francisco Partners has agreed to buy financial data provider Macrobond for almost €700mn, the latest deal in a sector that has attracted billions of dollars from investors in recent years.
Francisco Partners is acquiring the business from rival private equity firm Nordic Capital, according to people familiar with the matter. The US-based firm beat out competition from other private equity groups and strategic buyers.
Founded in Sweden in 2008, Macrobond provides financial data and technology services to more than 800 banks and asset managers, according to its website.
Read the full story on the Financial Times here.