London, Jan 31 (Reuters) - "Five Arrows" and "Insight Partners" are exploring the sale of their minority share in Belgium's Kpler, according to three sources familiar with the matter. The private equity firms invested over $200 million in Kpler based in Brussels back in April 2022. Co-founders François Cazor and Jean Maynier hold the remaining stake and are intent on preserving control of the company.
A spokesperson for Kpler, Five Arrows, and the co-founders declined to comment, while Insight Partners did not respond to requests for comment.
Kpler, specializing in commodities data, has received presentations from investment banks to potentially serve as financial advisers. This move, according to insiders speaking on condition of anonymity, comes amidst a trend of heightened deal activity in the specialized data sector.
The anticipated deal could value Kpler at over 3 billion euros ($3.11 billion) considering strong estimated revenue for 2025 and the increased demand for financial data assets.
While plans for an auction later in the year are in initial stages, the outcome remains uncertain. Specialized data companies have been appealing to investors due to their predictable revenue streams and consistent cash flow.
Kpler, established in 2014 in Belgium, provides data on various commodities and shipping sectors. Under the leadership of CEO Mark Cunningham, Kpler has expanded through strategic acquisitions, including Spire's maritime business, ClipperData, JBC Energy, MarineTraffic, and FleetMon.
With over 600 employees, Kpler operates offices in New York, Dubai, London, and Paris.