Private equity funds are seeking a minority stake in information provider Benchmark Mineral Intelligence (BMI), aiming to gain exposure to the electric-vehicle battery supply chain, two sources with direct knowledge of the matter said.
UK-based Hg Capital and Bowmark Capital are two of several private equity firms seeking to buy a stake of up to 20% in Benchmark, which the sources says is valued in excess of 200 million pounds. The sources did not name other firms looking to buy a stake.
“The lithium-ion battery and electric vehicle supply chain is growing at 25% a year,” the source said, adding that the demand for information about the sector was growing alongside.
Read more: Reuters
