Trading data and analytics provider, BMLL, is set to be acquired by private equity investor, Nordic Capital.
Paul Humphrey
The firm is set to receive a “meaningful injection of primary capital” to support BMLL’s growth, specifically to expand the firm’s global venue coverage, enhance its historical depth, and build out its multi-asset class capabilities.
Additionally, the firm will use the investment to bolster its go-to-market capabilities and strengthen its partnerships across the industry, specifically with exchanges, technology platforms and market infrastructure providers.
Speaking to The TRADE, Paul Humphrey, chief executive of BMLL, said: “With Nordic Capital’s backing and Optiver remaining a key shareholder, we now possess the strategic capacity and financial resources to truly compete with established data providers.
“We are absolutely committed to continuing our mission to elevate data standards across capital markets, ensuring that poor-quality historical data is a thing of the past. This investment ensures we can rapidly expand our geographical reach and historical depth across assets like futures and options, democratising access to the most granular data and helping participants worldwide navigate complex and rapidly evolving market conditions.”
The investment will be made in close partnership with the BMLL management team, as well as the firm’s minority shareholder, Optiver, which led an investment round in October 2024, delivering a $21 million injection into BMLL.
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It has been confirmed that Humphrey will continue to lead the business and that the current management team will remain shareholders.
“Nordic Capital sees a clear opportunity to invest in content, analytics and partnerships that extend BMLL’s reach globally, helping more firms harness the power of harmonised, high-quality data,” said David Samuelson, partner at Nordic Capital Advisors.
“Leveraging Nordic Capital’s long-standing expertise in capital markets software and data, we will work closely with Paul and his team to seek to expand BMLL’s footprint, elevate the product and analytics offering, and scale distribution and partnerships.”