Electra Partners is pleased to announce that, following successful regulatory approval, it has acquired the majority of UBM plc's Data Services businesses.
To date, Electra Private Equity PLC and the Electra Partners Club 2007 have invested £91.5 million and £11.8 million respectively. Electra Private Equity PLC and the Electra Partners Club 2007 have agreed to invest up to a further £7.5 million and £1.2 million respectively to acquire further Data Services businesses from UBM - should this take place Electra Private Equity PLC's investment would total £99 million. This is lower than the £114 million offer announced in February 2013 as it reflects a £15 million investment by a third party co-investor.
The Data Services businesses provide data and information products which professionals use to support their decision-making and day-to-day business activities. Operating in 28 countries worldwide, the businesses serve a wide range of sectors including healthcare, technology & IP, global trade, aviation and forest products.
The Electra Partners deal team for this transaction included Alex Fortescue, Alex Cooper-Evans, Sarah Williams and Tom Stenhouse.
This investment follows a busy start to 2013 for Electra Partners in which it announced a £56 million investment in a portfolio of five secondary private equity funds in February, and the realisation of its investment in esure, which generated a 3x return, in March.
Electra Partners refers to Electra Partners LLP acting on behalf of its clients Electra Private Equity PLC and Electra Partners Club 2007 LP.
For further information please contact:
For Alex Fortescue:
Nick Woods, M:Communications +44 (0)20 7920 2348
Andrew Kenny or Nicholas Board, Electra Partners +44 (0)20 7306 3932
Note to Editors:
About Electra Partners LLP
Electra Partners is an independent private equity fund manager with more than 30 years' experience in the mid-market. As at 30 September 2012, the firm had funds under management of over £1.3 billion. The firm's flexible investment approach allows it to invest across a broad range of sectors and financial instruments including equity, senior equity, convertibles and mezzanine debt. Concentrating principally on Western Europe, and with the majority of investments expected to be made in the United Kingdom, Electra Partners typically seeks to invest in the region of £40 million to £100 million of equity, in deals of up to £300 million enterprise value.
The firm's major client is Electra Private Equity PLC, a private equity investment trust which has been listed on the London Stock Exchange since 1976. The firm also manages the Electra Partners Club 2007 LP, a fund raised in 2008 for the sole purpose of investing alongside Electra in controlled investment situations.
For further information please visit www.electrapartners.com.
Electra Partners LLP is authorised and regulated by the Financial Conduct Authority.
About UBM plc
UBM plc is a leading global events-led marketing services and communications company. We help businesses do business, bringing the world's buyers and sellers together at events, online and in print. Our 5,500 staff in more than 30 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.
For more information, go to www.ubm.com; follow us on Twitter at @UBM_plc to get the latest UBM news.