Barclays sells indices and analytics business

Mon, 21 Dec 2015 | BUSINESS SALE

Barclays has confirmed that it has sold its risk analytics and benchmark indices business to Bloomberg.

The bank announced the sale last Wednesday (16 December), confirming that the financial information provider was sold for £480 million.

Michael Bloomberg, founder of the purchasing company, commented: “As financial markets continue to evolve, our clients need and expect the index business to evolve too.”

Barclays chief executive, Jes Stanley, added that the firm is “pleased to partner closely with Bloomberg upon completion of the transaction”.

A co-branding arrangement between the two businesses will run for five years initially, before being reviewed.

This isn't the first time that Barclays has put this area of its business up for sale; back in 2014 it designated it as 'non-core' and launched an unsuccessful auction after potential buyers realised that Bloomberg owned some bond pricing data associated with the sale, meaning it would not be included in the earlier mooted sale.

Clearly this data issue was not a problem to Bloomberg who saw the purchase as an opportunity to bolster the data it provides. Included in the index business are inflation-linked, fixed income and swaps indices.


View other professional and financial businesses for sale.


Share this article



Latest Businesses for Sale

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
07
 
Mar
 

MBO completed at Nottingham IT supplier | MBO/MBI

A Nottingham-based firm that provides IT solutions to a rang...

 
28
 
Sep
 

AXA to offer wrap platform in private equity sale | BUSINESS SALE

AXA is set to offer its wrap platform Elevate to private equ...

 
27
 
Aug
 

Axa to sell some of its UK businesses | BUSINESS SALE

Axa is set to sell some of its UK businesses as they are rep...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources