Private equity firm Nordic Capital has entered into an agreement to acquire data and analytics company BMLL.
The acquisition includes an undisclosed “meaningful injection of primary capital” into BMLL, the companies stated. Financial details of the transaction are not being shared.
Optiver will maintain its minority share.
BMLL currently provides granular Level 3, 2 and 1 order book data and analytics for global equities, ETFs and futures, alongside US options. Data is gathered and normalised from more than 120 venues.
The company recently partnered with ETF and index data provider Ultumus to provide insights into ETF trading.
READ MORE: Ultumus and BMLL partner on ETF data services
Through the acquisition, BMLL intends to build new and deeper partnerships with exchanges, technology platforms and market infrastructure providers, aiming to strengthen its go-to-market capabilities.
David Samuelson, Nordic Capital Advisors partner, commented, “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.”
CEO Paul Humphrey and the firm’s management team will continue to lead the business.
