Why we invested
Data Explorers had developed a unique source of highly-valued information and services, with its data used by financial institutions worldwide to inform investment decisions, manage risk and produce independent benchmarks. As the dominant player in a rapidly growing market, Data Explorers was ready to scale the business rapidly through further investment in sales, product and IT infrastructure. This was an opportunity to back an exceptional management team in executing an ambitious growth plan.
Profit growth (CAGR)
During the five years of our ownership, Data Explorers significantly expanded its operations, including opening offices in the US and Asia. It also developed new products to meet the needs of a broader range of institutions, including asset managers and hedge funds.
Overall, sales and profits increased at a compound annual growth rate of over 30% and 40% respectively. In April 2012, the company was sold to Markit Group for £150 million.
Donal Smith,Chief Executive