Finance
Exclusive-Hg weighs sale of $1.9 billion financial data firm FE fundinfo
Published by Global Banking & Finance Review®
Posted on August 6, 2025
3 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 6, 2025
3 min readLast updated: January 22, 2026
Hg is exploring the sale of FE fundinfo, a financial data firm valued at $1.9 billion, potentially attracting global interest from exchange and wealth management groups.
By Amy-Jo Crowley and Emma-Victoria Farr
LONDON/FRANKFURT (Reuters) -Buyout company Hg has begun lining up advisers to explore a possible sale of its financial data firm FE fundinfo, three people familiar with the matter told Reuters, following on from a series of deals in the highly valued sector.
The London-based FE fundinfo could generate around 70 million pounds ($93.2 million) in earnings before interest, taxes, depreciation, and amortisation this year and could fetch more than 20 times this in a sale.
That would make it worth more than 1.4 billion pounds, one of the sources said. All three sources spoke on condition of anonymity because the talks are private.
They said no final decision had been taken and preparations were at an early stage. Although they expected Hg to proceed with an auction towards the end of the year, the timeline could slip into next year.
Hg and FE fundinfo declined to comment.
FE fundinfo, which provides investment data and performance analysis to asset managers and other financial institutions, is expected to attract attention from global exchange and wealth management groups as well as private equity firms, one of the people said.
In a series of deals over recent years, companies that provide specialised financial technology and data to clients including banks, asset managers and investment groups, have changed hands at elevated valuation multiples.
Financial software provider SS&C Technologies in July bought Calastone for about 766 million pounds, and UK data group Preqin was sold to BlackRock last year for 2.55 billion pounds.
A possible sale of FE fundinfo also highlights how private equity, after sitting on the sidelines of dealmaking, has again become active, helping drive global M&A to a $2.6 trillion peak year-to-date.
The company was created in 2018 through the merger of three companies FE, F2C and fundinfo, the same year that Hg became an investor.
It has made five acquisitions in the last year, including data firm Fundipedia in May, UK-based Lunar AI in April and German fintech specialist Dericon last year, all for undisclosed amounts. FE fundinfo connects fund managers and fund distributors, which it says enables them to share and act on trusted information to make investment more efficient.
($1 = 0.7519 pounds)
(Reporting by Emma-Victoria Farr and Amy-Jo Crowley, editing by Anousha Sakoui and Barbara Lewis)
Private equity refers to investment funds that buy and restructure companies that are not publicly traded. Investors in private equity typically seek to improve the company's performance before selling it for a profit.
Financial technology, or fintech, refers to the use of technology to provide financial services. This includes everything from mobile banking apps to blockchain technology and online payment systems.
M&A stands for mergers and acquisitions, which is a general term that refers to the consolidation of companies or assets. Mergers involve combining two companies, while acquisitions involve one company purchasing another.
Financial data encompasses all quantitative information related to the financial performance of a business, including revenue, expenses, profits, and market trends, which is essential for investment decisions.
Valuation in finance is the process of determining the current worth of an asset or company. It involves analyzing various factors, including market conditions, financial performance, and future growth potential.
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