Infopro Digital to acquire B2B publisher DOCUgroup

InfoPro DigitalInfopro Digital group is to enter into the acquisition of DOCUgroup, taking a major step in its international expansion. The acquisition will be financed with additional indebtedness, available cash on hand at the group level and an equity contribution from the shareholders of Infopro Digital group. The majority shareholder of Infopro Digital, alongside management of the group, is TowerBrook. The terms of the transaction were not disclosed.

DOCUgroup is a leader in Germany, Austria and Switzerland in business information for the construction, architecture and real estate industries.

DOCUgroup has two main activities: Project Information, whose flagship brand is IBAU, an online subscription platform that references almost 1 million private and public real estate projects; and Product Information, with leading brands such as Heinze and Baunetz, which are digital platforms that enable architects and planners to access databases and detailed information for over 500,000 products. These platforms attract around 15 million online visits each year.

Infopro Digital also offers services to professionals in the building industry in France, Belgium and the Netherlands through Le Moniteur and Vecteur Plus.

Over 500 employees will join the Infopro Digital group, to bring the total to more than 3,200 people worldwide. DOCUgroup generates a turnover of 67 million EUR, which will allow Infopro Digital to reach a turnover of approximately 440 million EUR once the acquisition is completed.

Christophe Czajka, Executive Chairman of Infopro Digital, said,“With the acquisition of DOCUgroup, we become a truly European BtB and Data company. The share of our turnover generated outside of France increased from 14% to 35% in less than a year. Over 1,300 group employees will be based in Germany, the United Kingdom, Switzerland, Belgium, Portugal, Austria, Italy, Spain, the Netherlands, the United States, Hong Kong, and Tunisia.”

Julien Elmaleh, CEO of Infopro Digital, added, “The DOCUgroup DNA fits perfectly with that of Infopro Digital: databases and digital platforms allowing professionals to develop their commercial activity and have detailed and high quality business information. Combined, we will have an unmatched offer for professionals in the building industry”.

France, Ile-de-France & Germany, Munich

Informa completes the takeover of UBM

InformaInforma has completed the takeover of UBM. The new Informa Group will employ more than 11,000 people. It will own and operate a portfolio of more than 500 exhibitions brands in 15 industry verticals including Health & Nutrition, Life Sciences & Pharma, and Real Estate & Construction. In addition, it will own a portfolio of confex/conference brands, a range of specialist information and intelligence brands; plus have capabilities in B2B consulting and marketing service.

The board of Informa will be as follows:

  • Derek Mapp (Non-Executive Chairman)
  • Greg Lock (Deputy Chairman)
  • Stephen A. Carter CBE (Chief Executive)
  • Gareth Wright (Group Finance Director)
  • Gareth Bullock (Senior Independent Non-Executive Director)
  • Mary McDowell (Non-Executive Director)
  • David Wei (Non-Executive Director)
  • Helen Owers (Non-Executive Director)
  • Cindy Rose (Non-Executive Director)
  • Stephen Davidson (Non-Executive Director
  • David Flaschen (Non-Executive Director)
  • John Rishton (Non-Executive Director)

Company announcements:

Previous reporting

UK, London

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Informa

UBM

 

Bridgepoint Development Capital to acquire Private Equity International

BridgepointBridgepoint Development Capital is to acquire a majority stake in PEI Media – the global provider of insight, market-data and business conferences for professionals active in alternative asset class investment. Details of the transaction were not disclosed. The business is being acquired from its founders, management and minority shareholder, LDC.

PEI Media focuses on private investment markets in real estate, infrastructure, private equity, and private debt – including specialist sector-specific activities within those private asset markets. The group has developed deep connections with international sources of alternative investment capital since its inception in 2001. Clients served include public sector and company pension plans, insurance groups, endowments and family offices – as well as leading private-asset fund managers who raise and deploy capital raise from institutional investors.

PEI was formed following a management buyout from Euromoney Institutional Investor plc. It has grown a diversified portfolio of alternative asset-focused publications, databases and branded events. Headquartered in London with offices in Hong Kong and New York, the company currently employs around 180 people and has clients based in over 80 countries. The company’s publications include PERE, Infrastructure Investor, Private Debt Investor, Private Equity International, Real Estate Capital, Private Funds Management, Agri Investor and Secondaries Investor, amongst others.

BDC Partner Robin Lawson said, “PEI is recognised for its differentiated insight into the worlds of multiple alternative asset classes. As investors look for higher yields, continued inflows into these classes means that there is growing demand for the information, analysis and event-networking opportunities of providers like PEI. Today’s investment by BDC will support the continued international expansion of the business as well as further development of its technology platform and digital product set. Our aim in working with PEI’s management will be to ensure that it remains best-placed to scale its digital offering in a growing market and deliver progressive evolution of its specialist-brand in line with advancing client needs. In this way, we expect that increasingly sophisticated customers, both existing and new, will remain able to access the information and market connections they increasingly need to be successful in their global alternative investment strategies.”

UK, London

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Silver Lake Partners and Battery Ventures to acquire EDR from DMGT for $205M

Silver LakeSilver Lake and Battery Ventures have agreed to acquire EDR, a leading provider of real estate data and software-as-a-service, from the Daily Mail and General Trust plc for $205m. The investors areBattery Ventures global, growth-oriented firms focused on partnerships with market-leading technology companies. The transaction is expected to close in the coming weeks and is subject to
customary closing conditions.

EDR is a leader in property due-diligence and risk management technology and information. The company’s solutions enable clients — including environmental consultants and engineers, appraisers, and lenders — to manage real estate due diligence processes efficiently and effectively.

Joe Osnoss, Managing Director at Silver Lake, said, ”The real estate sector is continuing to evolve with the introduction of new technologies. EDR has a rich history of thought leadership in this area, and we plan to invest behind the company’s developing product roadmap to serve its important client ecosystem.”

Battery Ventures General Partner Scott Tobin added, ”We look forward to working closely with Chris Aronson and EDR’s management team. We believe that our investment will enable EDR to accelerate growth — including in the state-of-the-art Collateral360 SaaS platform — and extend its reputation as a leader in real estate data and software with a developing range of products and services.”

UK, London & USA, Shelton, CT

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Mitie acquires real estate, technology and risk management consultancy Source Eight Limited

MITIE

Mitie Group plc has acquired a majority stake in Source Eight Limited, a real estate, technology and risk management consultancy.

Source8 delivers real estate, technology and risk management consultancy services to global corporations, with particular expertise in emerging markets and complex environments. The company had turnover of £4.5m in 2013. The initial consideration payable is a maximum of £2.95 million, with £2.5 million paid in cash on completion, and the remainder payable dependent on performance targets. Further consideration is payable in cash up to a maximum of £12.5 million (£15.45m total consideration) depending on financial performance over a five year period.

UK, Bristol & London

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PRIMEDIA aquires Rent.com from eBay

PRIMEDIA, a renter resource for apartment and rental home information and listings, has acquired eBay Inc.’s Rent.com subsidiary.

“Our acquisition of Rent.com creates the premier digital network to help consumers find the perfect place to live,” said Charles Stubbs, PRIMEDIA President and Chief Executive Officer, who will lead the combined company. “This acquisition demonstrates an unparalleled level of investment to change the industry and best serve our customers.”

USA, Atlanta, GA

SCIenergy acquires energy saving retrofit business Transcend Equity

SCIenergy, Inc., a provider of cloud-based energy management solutions for building owners and operators, today announced it has successfully completed the acquisition of Transcend Equity, a business delivering energy saving retrofits for commercial buildings. The terms of the deal were not disclosed.

As part of the deal, SCIenergy will maintain a joint venture agreement with Mitsui & Co. (U.S.A.), Inc., a leading trade and investment company and committed capital partner of Transcend Equity.

Transcend’s proprietary solution—Managed Energy Services Agreement (MESA™)—pays for a landlord’s energy bill along with major capital investments needed to make buildings more energy-efficient.  In return, building owners pay a fee for a fixed period of time, preserving capital resources for their core business activities.

“We are excited to welcome the dedicated and experienced Transcend Equity employees to the SCIenergy team.  Transcend is the clear leader in providing sustained energy reductions for portfolio owners and we can’t wait to extend MESA to our key customers and partners,” said Russ McMeekin, president and chief executive officer, SCIenergy. “MESA will leverage applications in the SCIenergy cloud™ to make commercial buildings more digitally aware and to further outperform traditional energy management offerings”.

USA, San Francisco, CA