Kaupthing pays £75m for British database provider

They know your mobile phone number, when your car insurance expires and where you live, although you have probably never heard of them.

Data Locator Group (DLG), the UK database provider that was acquired last year in a management buyout backed by Promethean, has now been bought by the private equity arm of Kaupthing, the Icelandic bank, for £75 million in a deal expected to be announced today.

Promethean, headed by Sir Peter Burt, the former ITV chairman, is understood to have paid about £25 million for its 71 per cent stake in March 2006.

Since that deal last year DLG has made two acquisitions for undisclosed sums including the UK operations of Wegener Direct Marketing. The second acquisition was of 43 plc, an online