Temasek May Invest in Finance Company Founded by Canadian – Reuters

Singapore sovereign wealth fund and private equity investor Temasek Holdings is considering buying an equity stake in London, U.K.-based Markit Group Ltd., founded in 2001 by Canadian entrepreneur Lance Uggla, reports Reuters. A source familiar with the deal said that transaction is likely to be valued at about US$500 million. Markit, which provides financial data and trade processing services primarily for the credit market, has been backed by U.S. private equity firm General Atlantic since 2010.

For further information about Markit Group, please visit the company’s website.

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