Pageant Media acquires Institutional Investor Journals from Euromoney

January 11, 2018 — Fusion DigiNet

IIJ_Logo_BlackPageant Media, the business information specialist, has acquired
Euromoney Institutional Investor PLC‘s Institutional Investor Journals.

II Journals publish original and practical analysis of global investment and finance, with an online archive of 10,000 articles. The business has 12 titles, available both online and in print, covering various disciplines in portfolio management and finance.

Commenting on the transaction, Charlie Kerr, CEO of Pageant Media, said: “The II Journals are recognised across the asset management sector for their excellence in providing senior professional investors and leading academics with informed and thought-provoking technical analysis. We look forward to investing further in these titles and are excited to begin thinking about the ways in which the specialist knowledge exhibited in these journals can bolster the growing information and networking services we provide to our hedge fund, private equity, real estate and mutual fund communities.”

Founded in London in 1998, Pageant now has around 200 employees around the world today. Products covered include Hedge Funds, Mutual Funds, Real Estate, Insurance and Workflow Tools.

Pageant Media acquired Hedge Fund Intelligence from Euromoney earlier this month and Euromoney’s asset management business information brands in December 2016.

UK, London

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Bowmark Capital sells Law Business Research to Levine Leichtman Capital Partners

December 30, 2017 — Fusion DigiNet

lbrLevine Leichtman Capital Partners has acquired Law Business Research (LBR), a provider of research, news, data and insight on international business law and legal markets, from Bowmark Capital.

LBR, which was established in 1996, was sold to Bowmark in 2013. The sale was managed by Fusion Corporate Partners on behalf of its original founders, Richard Davey, Callum Campbell and Sebastian O’Meara.

LBR creates content spanning 120 jurisdictions across its brands, serving a client base that comprises major corporations, government agencies and the global legal industry.  It is a information provider in fields such as competition law, arbitration law, cross-border investigations and Latin American corporate law.

Since Bowmark acquired the company, LBR has more than doubled its sales and profits.  It has added new territories and products, including two new titles, ’Global Investigations Review’ and ’Global Restructuring Review’, as well as a new workflow application, ’Arbitrator Research Tool’.  It has also significantly enhanced its technology platform and opened offices overseas.   During this period, employee numbers grew by 80 per cent.

Julian Masters, Bowmark senior partner, added: “The fact that 96 per cent of the world’s top law firms work with LBR is a tribute to the quality of the business and its management team.  The company is well-positioned to continue its strong record of success under its new owner.”

USA, Beverley Hills, CA & UK, London

 

 

 

 

 

 

 

 

 

 

 

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Ascential PLC acquires Clavis Insight

December 27, 2017 — Fusion DigiNet

ClavisAscential PLC has acquired Clavis Insight for an initial cash consideration of $119 million plus future earn outs payable over three years.  

Clavis provides eCommerce analytics, with proprietary technology enabling consumer product companies to track and optimise the performance of their products across hundreds of retailer websites and mobile commerce sites globally.   Clavis customers include some of the world’s largest consumer product companies, such as P&G, Nestle, Unilever and L’Oreal.

 Clavis will join Ascential’s Information Services division and is complementary to One Click Retail.  Clavis employs 170 people, including 100 in Dublin, with hub locations in the US, UK, France and China serving a global customer base.

In the year to 31 December 2016 Clavis generated unaudited revenue of $13 million and an EBITDA loss of $7 million.  Gross assets at 31 December 2016 were $19 million.  Revenue is expected to grow to $17 million in the current financial year ended 2017 and Clavis is expected to break even in 2018.  Clavis has a high level of recurring revenue with 95% of total revenue being subscription-based.

The initial cash consideration is $119 million.  The earn out is payable in cash based on the annualised recurring revenue of the business at the end of each of the next three years to 2020 and is expected to total between approximately $25 million and $50 million.  A portion of the earn out is subject to founders remaining in employment with the company.  

Duncan Painter, CEO, Ascential, commented: “Ascential enables its customers to improve their business performance.  As a high growth business that offers synergies with our existing brands, Clavis fits well with our strategy, strengthening our eCommerce analytics offering for consumer product companies.  Through combination with OCR’s offering, we will provide ever more comprehensive, accurate and actionable analytics and insight.”

UK, London & Dublin, Ireland

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YouGov acquires Galaxy Research in Australia

December 11, 2017 — Fusion DigiNet

YouGovYouGov plc, the market research and data analytics group, has acquired Galaxy Research Pty Ltd, a market research agency in Australia. The terms of the deal were not disclosed.

Galaxy, based in Sydney, has a market research offering comparable to YouGov’s Data Services offering. The agency known in the Australian market for opinion polling and as the administrator of the local political opinion polling brand, Newspoll.

YouGov’s existing Australian business, established two years ago, operates in keeping with YouGov’s core model of using data collected from its proprietary panel of members to provide syndicated data products and services. The combined business will be in a position to expand its data products and services offering.

GalaxyDavid Briggs, the founder and Managing Director of Galaxy, will lead the combined business and team of 11 employees in Australia, which will initially operate under the brand YouGov Galaxy.

Stephan Shakespeare, CEO of YouGov, commented: “With its reputation for accuracy and an excellent roster of corporate market research clients, Galaxy was an obvious fit for the YouGov Group. This acquisition increases our presence in Australia which is a significant market and one which is strategically important to our international clients.”

UK, London & Australia, Sydney

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GlobalData acquires MEED Media from Ascential for £17.5M

December 8, 2017 — Fusion DigiNet

GlobalDataGlobalData PLC has announced the acquisition of MEED Media FZ LLC  from Ascential PLC for a cash consideration of $17.5 million. MEED, formerly known as the Middle East Economist Digest, provides premium business information content with an industry focus on infrastructure and projects in the Middle East. The business services its growing client base principally through annual subscription contracts.

As reported on Fusion DigiNet in January 2016, GlobalData Holding Limited, a company then owned by Mike Danson and Wayne Lloyd, was acquired by Progressive Digital Media Group Plc. Mike Danson is Executive Chairman of Progressive Digital Media Group.

Commenting on the acquisition Bernard Cragg, Executive Chairman of GlobalData, said: “MEED gives the Group the opportunity to further expand into a key region and adds an additional industry vertical to our offering whilst maintaining our disciplined investment criteria of premium proprietary content and strong renewable subscription based revenues.”

UK, London & UAE, Dubai

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A Fusion Deal: AI Business sold to Informa (Knect365)

December 6, 2017 — Fusion DigiNet

AI Business

AI Business, the media and events organisation dedicated to Artificial Intelligence in business, has has been sold to Knect365, Informa PLC’s Knowledge & Networking Division. Fusion Corporate Partners acted as corporate advisor for AI Business. The Fusion team was led by Mark Eisenstadt, Director at Fusion. The terms of the deals were not disclosed.

AI Business, is the foremost community in Artificial Intelligence for Business. The AI Summit Series and AIBusiness.Org provide exclusive content from the foremost innovators in AI; including Microsoft, Facebook, Amazon, Google, Accenture and IBM. The summit series and online portal cover all major industries where uptake of AI is significant, including; Marketing, Travel & Transport, Finance, Professional Services, Healthcare and Retail. The business was founded by Daniel Pitchford and George Kipouros, who will continue to drive the business forward.

mark-eisenstadt_f_1_120_1

Mark Eisenstadt

Fusion’s Mark Eisenstadt commented, ” ‘George & Dan have rapidly created the community forum for this dynamic and booming industry. It was a pleasure to represent such a professional and dedicated duo and their skilled and motivated workforce.  The Knect365 brand, offers enormous growth synergies within their Thought Leadership ecosystem. Fusion has recently and in the past represented for sale a number of leading edge innovation worldwide media businesses that are helping to drive the technology and telecoms sectors growth. We are pleased to be working with a number of other innovative, market leading related businesses that will come to market in the short to medium term.”

UK, London

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A Fusion Deal: Euromoney acquires TowerXchange

December 4, 2017 — Fusion DigiNet

TowerXchangeTowerXchange, the open community for thought leaders in the emerging market towers industry, has been sold to Euromoney Institutional Investor PLC.

Fusion Corporate Partners acted as corporate advisor for TowerXChange. The Fusion team was led by Piers Bearne. The terms of the deals were not disclosed.

TowerXchange is an information and events business which has become a source of information on the tower market, the infrastructure supporting the growth of the mobile telecoms market. Acquiring TowerXchange is part of Euromoney’s telecoms strategy to facilitate industry collaboration and trading in areas ranging from pricing to standards across the telecoms ecosystem. 

Commenting on the deal, Piers Bearne of Fusion said, “TowerXchange is deeply embedded in its sector, with a very strong management team. We were looking for the best partner to support the company’s geographical and product expansion, and are delighted that Euromoney are its new owners.”

Rosalind Irving, Euromoney Divisional Director responsible for its telecoms businesses, said: “TowerXchange is an excellent business which serves an increasingly important part of telecoms infrastructure. It is strategic for Euromoney because it is highly complementary to the markets served by TelCap, BroadGroup (in which we invested in March) and Layer123 (acquired in April). We look forward to working with the expert TowerXchange team.”

UK, London

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ZPG to acquire Calcasa

November 29, 2017 — Fusion DigiNet

zpgZPG Plc has acquired Calcasa, a provider of automated property valuations and statistical market analysis in the Netherlands, for €30.0 million (£26.5 million) on a cash-free, debt-free basis, with a performance-based earn-out of up to €50.0 million (£44.2 million).

Established in 2005, Calcasa is an automated valuation model and residential property market insights provider in the Netherlands. With the largest property database of over 10 million unique price points Calcasa provides property valuation and risk analysis to companies in the Dutch housing market including mortgage lenders, brokers, investors, surveyors, estate agents, developers, validation institutes, housing corporations, pension funds, government agencies, regulatory institutions, research companies and real estate funds.

Calcasa has a strong financial track record with a subscription revenue model underpinned by long term contracts with over 70% recurring revenues.  The company generated €5.0m (£4.4 million) profit before tax in the year to 31 December 2016 and the value of Calcasa’s gross assets was £5.5m as at 31 December 2016. The total consideration represents a maximum multiple of 10x FY17-FY20 Net Profit for Calcasa. 

Calcasa has an academic team of 15 based in Delft, Netherlands and following completion Calcasa will continue to operate as a standalone brand and platform led by its founders Evert Van de Wauwer and Bas Meeuwissen, who will be remaining with the business. 

Commenting on today’s announcement Alex Chesterman, Founder & CEO of ZPG said, “We are delighted to announce the acquisition of Calcasa. The combination of Hometrack and Calcasa will give us unrivalled capabilities as an international property data platform and there is a clear opportunity to leverage our complementary products and relationships.

UK, London and Netherlands, EB Delft

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Ion Investment Group buys controlling stake in Dealogic from Euromoney and Carlyle Group

November 22, 2017 — Fusion DigiNet

dealogicIon Investment Group is to buy a controlling stake in Dealogic, a provider of content and software solutions to financial firms, from Carlyle Group LP and Euromoney Institutional Investor.

Euromoney Institutional Investor PLC said it is selling its minority equity stake in Dealogic for approximately $135m. Euromoney had acquired a 15.5 percent stake in Dealogic for $59.2 million in 2014. Ion Investment Group and Carlyle Group did not disclose their terms. The process is expected to complete in approximately six weeks. 

Euromoney will continue to receive from Dealogic the league tables and data analytics products used in its Global Capital business.

Euromoney’s results for the year ended 30 September 2017 included £3.9m in adjusted profit before tax from Dealogic. The gross assets of Dealogic at 30 September 2017 were £551.6m.

Uk, London

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Haynes acquires the E3 Technical business from Carweb

October 2, 2017 — Fusion DigiNet

haynesHaynes Publishing Group has reached agreement on the acquisition of the E3 Technical business from Carweb Ltd., a Solera UK subsidiary. Haynes is paying £4.72 million payable in cash on completion

The E3 Technical business consists of repair and maintenance information, vehicle registration mark look-up and an associated provision of helpdesk services. The Transaction includes the acquisition of customer contracts, and employees from Carweb.

Commenting on the Transaction, Eddie Bell, Chairman of Haynes, said “this acquisition will significantly strengthen the Group’s professional data solutions offering in the UK and provide cross over benefits for Haynes’ consumer division.”

UK, Yeovil, Somerset

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