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Temasek Takes 10% Stake in Markit

Singapore state investment company Temasek Holdings Pte. Ltd. has bought a significant stake in U.K. financial data provider Markit Group Ltd., according to a press release by Markit.Temasek will take an approximately 10% stake in the investment of about $500 million, a person familiar with the matter said.Markit was initially founded by a group of investment banks as a provider of credit default swap pricing and has since branched out into other financial markets. The original shareholders have since sold down their stakes to a variety of private equity firms and investment funds.Temasek will take seats on Markit's board of directors as part of its investment and is expected to help the data provider expand into fast-growing Asian markets, the person familiar with the matter said.Subscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...

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