Though the terms of the transaction were not disclosed, it is part of the company’s global growth strategy where Reorg has invested heavily in Asia over the last 12 months.
Founded in 2013, Reorg has fundamentally changed the way financial and legal professionals access complex and opaque business information.
Its unique editorial team combines reporting with financial and legal analysis to provide a holistic view of topical situations and delivers that view in real time through its proprietary platform, which is powered by machine learning and natural language processing.
With offices on three continents at present, Reorg serves more than 20,000 professionals across the world’s leading hedge funds, asset managers, investment banks, law firms, professional services and advisors, as well as corporations so they can make better business, investment and advisory decisions.
“We are delighted to bring the Dai1 Media team and its clients into Reorg to amplify our quality coverage of China,” said Kent Collier, founder and CEO of Reorg.
The company has already grown its team of financial and legal analysts as well as investigative journalists in the region to 20, based in Hong Kong, Singapore, India and Australia.
“The Dai1 Media team will significantly enhance our offering to clients globally,” added Collier.
Dai1 Media was founded by Shasha Dai in 2017 after a 19-year career as a financial journalist in China and U.S. with CapitalStructure, Dow Jones/The Wall Street Journal, Reuters, and China’s state television.
With a team of experienced financial journalists, many of whom are bilingual, Dai1 Media informs it diverse client base about deal-making for companies and assets based in China.
“When I founded Dai1 Media two years ago, my goal was to build a dedicated source of news and intelligence about the alternative asset classes in China,” Ms. Dai said.
Dai1 Media have invested heavily in the special situations coverage over the last year and a half.
Reorg’s product range includes intelligence, data and analysis of high yield and distressed credits across North America and Latin America, Europe, Middle East and Africa, as well as Asia. Reorg also offers specialist products including M&A, First Day, Covenants and Debt Explained.