A non-public fairness agency which specialises in monetary know-how investments is finalising a £400m takeover of a number one supplier of knowledge to the asset administration business.

Sky News has learnt that Motive Partners is on the point of a cope with Intermediate Capital Group (ICG) to purchase With Intelligence.

Motive, which owns stakes in corporations such because the wealth know-how platform FNZ, noticed off competitors from rival bidders Cinven and Flexpoint Ford.

With Intelligence owns manufacturers together with Hedge Fund Alert, Eurekahedge and Pension Funds Online.

It is alleged to be projecting an annual revenue subsequent yr of about £25m.

The firm provides information to the asset administration business, an more and more profitable area of interest which has spawned a string of main companies in recent times.

Earlier this yr, With Intelligence was among the many bidders for components of MJ Hudson, the stricken asset administration companies group.

ICG has owned the corporate since 2020, when it was often known as Pageant Media.

Houlihan Lokey, the funding financial institution, is dealing with the With Intelligence public sale, whereas Raymond James is advising Motive Partners.

Motive and ICG declined to remark.