US-based Green Street has sold online news website Hedge Fund Alert to UK-based Pageant Media.
The US site has been running for 20 years aiming to give an early take on deals and intelligence in the world of hedge funds in the US. Pageant already runs HFM and Eurekahedge.
Hedge Fund Alert is the fourth acquisition to be completed since Intermediate Capital Group bought a majority stake in Pageant Media in February 2020.
Pageant employs 350 staff and has turnover of around £30m a year.
Deal size: $20m (estimate from Flashes and Flames)
Country: UK acquirer, US target
Status: Confirmed
Source: press release.
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