IHS Markit and Informa exchange business units

IHS MarkitFinancial data company IHS Markit and Informa, the international exhibitions, events, information services and scholarly research group, have exchanged the majority of the IHS Markit Technology, Media and Telecoms intelligence business for Informa’s Agribusiness Intelligence Informa plcgroup.

The agreement values the two exchanged businesses at equivalent EBITDA multiples, with Informa contributing an additional $30 million cash to IHS Markit to reflect the larger EBITDA contribution from the TMT business. IHS Markit will retain RootMetrics, its benchmarking business and a portion of its market intelligence business. Both transactions are expected to close in July 2019 and are subject to customary closing conditions, including US regulatory approval.

IHS Markit confirmed that the transaction will not affect its capital allocation strategy to delever its debt ratio below 3.0x and complete USD 500 million in share repurchases in 2019.

Lance Uggla, CEO of IHS Markit said, “The Informa Agribusiness Intelligence portfolio is a clear extension of our Chemical and Downstream businesses and builds our existing data, pricing, insights, forecasting and news services within our Resources segment. Agriculture is the largest end chemical market in the world and this transaction expands our capabilities into fertilizers and chemical crop protection, while substantively expanding our capabilities in biofuels.”

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Informa plc – 2013 Full Year Results

Informa plc has announced full year results for the year ended 31 December 2013.



  • Group organic revenue growth (continuing) of 1.5% to £1,132.4m (2012: £1,110.6m)
  • Adjusted operating profit (continuing) up 1.5% to £335.5m (2012: £330.5m)
  • Adjusted diluted EPS growth (continuing) of 5.0% to 40.1p (2012: 38.2p)
  • Statutory loss of £6.4m (2012: £90.7m profit), reflecting loss from discontinued operations of £109.5m
  • Strong cash flow – cash conversion (continuing) increased to 99% (2012: 94%)
  • Net debt/EBITDA ratio of 2.2 times (2012: 2.1 times)
  • Deferred income growth of 8% at constant currency
  • Final dividend maintained at 12.50p; total dividend up 2.2% to 18.90p (2012: 18.50p)


Stephen-Carter-HeadStephen Carter, Group Chief Executive, said: “I was delighted to take over as Group Chief Executive of Informa at the start of this year. As the reported figures highlight, the Group delivered a solid earnings and cash performance last year. This has led the Board to pay a total dividend for the year of 18.90p.

Succeeding such a long-standing Chief Executive is a privilege and comes with attendant responsibilities. The privilege lies in being given the opportunity to work with the people and the businesses that make Informa so unique, all of which operate in the Knowledge and Information Economy. The responsibilities are to transition the business, the culture and the operating model post such long-term leadership.”

He added, “For Informa, 2014 will be a year of measured change, operational focus and building a platform for the future growth of the Group.”

Divisional Highlights – continuing operations

2013 2012 Actual Organic
£m £m % %
Academic Publishing*
Revenue 367.1 340.3 7.9 5.3
Adjusted Operating Profit 130.9 126.1 3.8 3.1
Adjusted Operating Margin (%) 35.7 37.1
Business Intelligence*
Revenue 350.6 356.6 (1.7) (3.9)
Adjusted Operating Profit 109.1 120.7 (9.6) (12.8)
Adjusted Operating Margin (%) 31.1 33.8
Global Events*
Revenue 414.7 413.7 0.2 3.0
Adjusted Operating Profit 95.5 83.7 14.1 12.6
Adjusted Operating Margin (%) 23.0 20.2

* Following the disposal of the Corporate Training businesses, the three divisions have been renamed: Academic Information has been renamed Academic Publishing; Professional and Commercial Information has been renamed Business Intelligence; Events and Training has been renamed Global Events. Please note that in 2012 the results for Global Events include a contribution from Robbins Gioia which was sold in May 2012.

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Informa completes the disposal of its five Corporate Training businesses.

informa2Informa plc has completed  the disposal of its five Corporate Training businesses to Providence Equity Partners.

The initial consideration of $165m, consists of $100m in cash (net of indebtedness and working capital adjustments on completion) and a $65m vendor loan. The vendor loan is for a maximum term of 6.5 years and attracts a PIK interest rate of 1% in the first two years, rising to 10% in the third year with a further 1% per annum increase thereafter.

providenceequityMore more information see Fusion DigiNet’s July 2013 article here.

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