Bregal Sagemount Announces Acquisition of Lux Research
NEW YORK & BOSTON – June 6, 2017 – Bregal Sagemount, a leading private equity firm focused on growth-oriented investments, today announced that it has acquired Lux Research, a leading provider of market intelligence services. No further terms of the transaction were disclosed.
Lux Research is the leading provider of subscription-based market intelligence services designed to help its global customer base drive growth through technology innovation. Lux Research’s areas of expertise include data, analysis, insights, and trends in technology innovations across applied materials, digital transformation, energy and gas, food and nutrition, health and wellness, and many other practice areas. Clients represent major industries and include global multinationals, small and medium companies, governments, and universities. Professionals in product development and R&D, technology and innovation scouting, strategy, business development, and corporate venturing utilize Lux Research’s subscription market intelligence, advanced analytics platform and data research services to make more informed decisions. Based in Boston, Lux Research maintains additional offices in New York, Amsterdam, Singapore and Tokyo.
Mike Coyne, Chief Executive Officer of Lux Research, stated, “We are proud of the market leading innovation and technology insights platform we have built at Lux Research, and are passionate about the valuable, thought-provoking intelligence we deliver to our clients. Over the last year, we made significant investments in technology to improve the depth and breadth of the intelligence we provide to our clients. Our partnership with Sagemount will enable us to make further strategic investments so we can serve our clients with the most actionable and relevant content, data, and technology.”
“The world’s leading companies trust Lux Research to deliver real-time insights on technology innovation that will inform the most critical factors to their long term success and enhance their ability to rapidly innovate,” said Daniel Kim, Partner of Bregal Sagemount. “We are excited to build upon the company’s impressive track record and strong momentum.”
Sagemount’s acquisition and growth investment in Lux Research was led by Daniel Kim, Pavan Tripathi, and Jaskaran Heir. Foley Hoag LLP provided legal counsel to Lux Research. Sagemount was represented by Goodwin Procter LLP.