Clifford Chance has advised longstanding client Informa on the £385m sale of its Maritime Intelligence business to Montagu Private Equity LLP, whilst retaining a 20% equity interest.
This follows the sale of Pharma Intelligence (£1.9bn) and its Financial Intelligence business, EPFR (£162m). The Maritime Intelligence transaction will complete Informa’s Growth Acceleration Plan II (GAP), a Portfolio Focus programme which involved the divestment of Informa’s intelligence division. Clifford Chance has advised on the sale of all 3 branches of the Intelligence division.
The divestment of the Maritime Intelligence business, and completion of the GAP II Portfolio Focus programme, is a key part of Informa’s 2021-2024 Growth Acceleration Plan II which will see Informa focus its portfolio on the Academic Markets and Business to Business Markets. The proceeds from the sale of the Maritime Intelligence business are intended to be used to fund growth investment and targeted expansion into these markets.
The cross practice Clifford Chance team was led by Corporate Partner Katherine Moir with support from Partner Steven Fox and Senior Associate Catherine Freeman. Partner Zayed Al Jamil and Senior Associate Sally Murphy in the TMT team, Partner Chinwe Odimba-Chapman and Senior Associate Laura Conway in Employment, and Partner Nicola Hemsley in Tax (amongst many others) also advised.