Informa plc, the business information and events group, has acquired Zephyr Associates from Kemmons Wilson Companies for a consideration of $62m in cash.
Founded in 1994 and based in Lake Tahoe, Zephyr is a provider of integrated business intelligence and decision support solutions for investment and wealth management professionals. Serving more than 800 international customers across the investment management industry, it offers sophisticated and functional analytical tools that help investment professionals make informed decisions about investment products and portfolio construction.
Zephyr’s high-end analytical platform and extensive customer base is highly complementary to the products and services offered by Informa Investment Solutions (“IIS”) and the combined offering is expected to lead to good growth opportunities. Informa expects the acquisition to generate an attractive return on invested capital from 2013.
Peter Rigby, Chief Executive of Informa said, “The acquisition of Zephyr is perfectly aligned with Informa’s strategy to focus on high quality, digital subscription revenues attracting strong renewal rates and attractive cash dynamics. It is a great fit with our existing business in this area and will enhance our leading market position, ensuring a healthy return on investment.”
UK, London & USA, Zephyr Cove, NV
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