Motive Partners bags majority chunk of With Intelligence for £400m

• ICG will invest further in With Intelligence alongside Motive
• ICG initially invested in With Intelligence in 2020
• Motive is a private equity firm focused on financial technology

UPDATED. Motive Partners has acquired a majority stake in With Intelligence, a provider of investment data and intelligence for allocating, fund-raising, and business development in the public and private markets, for £400 million ($516 million; €461 million).

With Intelligence is based in London. The company has seen significant growth in recent years, with a revenue compound annual growth rate of 33 percent, according to a release.

Intermediate Capital Group (ICG) will invest further in With Intelligence alongside Motive. ICG initially invested in With Intelligence in 2020.

“We are positioned at the intersection of two exciting trends – the increase of allocations towards alternatives and the emergence of exciting new analytics and AI technologies to derive insights within the sector,” said Neil Cochrane, partner at Motive.

Motive and ICG will support With Intelligence to accelerate its data strategy and technology capabilities, grow the private markets offerings, and execute the next phase of the partnership and M&A strategies, the release said. The investment will also enable With Intelligence to accelerate the pace of talent acquisition.

ICG is a global alternative asset manager that has $80.2 billion of assets. The firm is based in London.

Motive is a private equity firm focused on financial technology. The firm is based in New York.

Motive Partners’ financial advisor was Raymond James, and they were also advised by MDW Capital Advisory (debt advisor), White & Case (legal), Plural Strategy, Oliver Wyman (commercial), and EY (financial & tax).

Editor’s note. This article was updated to include the size of the deal.