Pearson sells Mergermarket for 382 mln pounds to PE firm BC Partners

British media and education group Pearson said it has sold its M&A-focused Mergermarket news service for 382 million pounds ($624 million) to funds advised by private equity group BC Partners, sister news service Reuters reported.

The British group, which put the news service on the block in July, said Mergermarket no longer fitted its strategy of growing its education division. It has said, however, that it intends to hang on to the Financial Times newspaper, ...

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