Private equity firm Nordic Capital has agreed to acquire a majority stake in BMLL, a UK-based provider of harmonised historical trading data and analytics, in partnership with existing minority shareholder Optiver. The investment is set to fuel BMLL’s global expansion and further development of its cloud-native data platform.
Founded in 2014 in Cambridge, BMLL specialises in standardising and delivering Level 3, 2, and 1 order book data across equities, ETFs, futures, and U.S. options. Its platform transforms raw data from more than 120 global trading venues into an analytics-ready format used by banks, hedge funds, and asset managers for in-depth market research and trading analysis—without the need for extensive in-house engineering.
“We’ve spent the past decade investing in our award-winning data engineering capabilities and building the industry’s foundational layer of harmonised order book data,” commented BMLL’s CEO Paul Humphrey. “With Nordic Capital by our side, along with Optiver, we are excited about BMLL’s future, and the impact we will have on participants’ ability to navigate complex market dynamics globally.”
Nordic Capital intends to support BMLL’s continued growth by expanding its content and analytics offerings, strengthening technology and exchange partnerships, and widening global reach.
“BMLL stands out for the precision, transparency and insight it brings to market participants,” said David Samuelson, Partner at Nordic Capital Advisors. “Nordic Capital sees a clear opportunity to invest in content, analytics and partnerships that extend BMLL’s reach globally, helping more firms harness the power of harmonised, high-quality data.”
The financial terms of the deal were not disclosed. However, the backing of Nordic Capital and Optiver marks a significant vote of confidence in BMLL’s role as a data infrastructure provider for the evolving global capital markets landscape.
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