Potential buyers are discussing paying more than $1b for the company, and other private equity firms are also circling. Financial services data providers have become hot takeover targets in recent years, given their reliable cash flow and growth potential amid rising demand for news and information. Reorg’s databases collect information from court filings, financial reports, transcripts and other sources of information for traders, bankers, restructuring advisers and other clients.
Its Americas Core Credit product, which offers commentary and analysis affecting the high-yield markets in North and South America, serves more than 12,000 industry professionals, its website showed. Warburg Pincus invested in the company in 2018, according to its website.