The amount of the deal was not disclosed.
General Atlantic will acquire a majority stake in the business, enabling Argus to accelerate product innovation and development and expand coverage globally.
Founded by Jan Nasmyth in 1970 (who remained actively involved in the business as chairman, until he died in 2008 at the age of 90) and led by chief executive officer Neil Bradford, Argus is a commodity price reporting agency with more than 750 full-time employees, over 160 publications, 21 offices worldwide, and in excess of 23,000 price assessments
Clients include international oil companies, trading houses, government agencies and financial institutions across 140 countries.
Following the deal, Argus executive chairman and publisher Adrian Binks, who has led the company for more than 30 years, will continue in the business and retain the majority of his shareholding in the new structure alongside General Atlantic.
Employee shareholders will also be given the opportunity to reinvest, while the family of Argus’ founder will sell their shareholding.