Team members involved:
Data Explorers is the leading provider of securities lending and short interest data to the global financial markets. The company has a proprietary database covering $12 trillion of securities, and its data is used by financial institutions worldwide to inform investment decisions, manage risk and produce independent benchmarks.
Data Explorers had developed a unique source of highly-valued information and services, and was the dominant player in a rapidly growing market. This was a compelling opportunity to scale a business rapidly through further investment in sales, product and IT infrastructure, and to back an exceptional management team in executing an ambitious growth plan.
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.Read more about our Media strategy
Bowmark was incredibly supportive of the management team, and of investing in and growing the business. We had a very positive working relationship.Donal Smith, Chief Executive