Firms including Abu Dhabi’s Mubadala Capital and private equity giant KKR have held talks to invest in UK corporate debt research start-up 9fin, in a deal that would value the privately held company at around $500mn, according to people familiar with the matter.
An investment would mark the latest in a flurry of high-profile transactions for businesses that provide information on niche areas of financial markets.
No final agreement has been reached and may be weeks away, said the people. Other suitors had also been part of the stake sale process. 9fin, Mubadala Capital and KKR declined to comment.
9fin was founded in 2016 in London by former JPMorgan banker Steven Hunter and Huss El-Sheikh, who previously worked for Deutsche Bank. It employs journalists who break news about leveraged finance deals as well as former deal lawyers and financial analysts who write analysis on investment opportunities.
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