Investcorp, the corporate buyout unit of Bahraini Investment Group, is selling Accuity Holdings for £343 million, The Wall Street Journal reports. The entire share capital of the company will be bought by Reed Elsevier Group, the FTSE100 and Fortune 500-listed publisher and information provider.
Accuity will be merged with Reed Elsevier’s Bankers Almanac, an online directory of financial services information, and will share the combined data assets with LexisNexis Risk Solutions. Accuity offers online subscription-based data solutions for the financial services industry in U.S., which enable clients to maximize the accuracy of their banking and payment deals and to minimize the risk of non-compliance with government regulations in these transactions.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from AltAssets.