UPDATE: Tribal Group acquires International Graduate Insight Group

tribalTribal Group has announced that it has completed its acquisition of the entire issued share capital of International Graduate Insight Group (“i-graduate”). This news comes after its announcement on the 20th December that the provider of education, learning and training services worldwide had reached an agreement with i-graduate to acquire it, with the transaction completing on schedule.

The terms of the deal stated that Tribal Group will pay an initial amount of £2.86 million on completion and up to a maximum of £7.5 million subject to satisfaction of an earn-out criteria based on earnings over the 3 year period ending 31 December 2015. The unaudited profit before tax of International Graduate Insight Group Limited for the year ended 31 March 2012 was £423k and the value of gross assets at that time was £1,799k.

i-graduate is an independent benchmarking and analytics group, working in partnership with institutions and education organisations to provide evidence-based information on education experience and outcomes across higher education, further education and schools markets.  The business works with over 1,200 education institutions in 24 countries, receiving and analysing feedback from more than 1.3 million students of over 190 nationalities.  i-graduate will join Tribal’s Services business and will strengthen the Group’s evidence-based analytics offering.

i-graduate was founded in 2005 by Will and Lindsay Archer.  Will Archer will continue to lead the i-graduate business and will head up the integration of i-graduate’s offerings with Tribal’s existing financial benchmarking and analytic capabilities.

Tribal’s Chief Executive Officer, Keith Evans, commented: “This acquisition will enable us to strengthen our capabilities in this exciting and emerging area, expands our product offering to our existing customers and provides increased access for our existing products to the i-graduate customer base, both in the UK and in our targeted international markets.” The transaction is expected to be earnings accretive.

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UK, London

Nielsen to acquire Arbitron

nielsenNielsen Holdings N.V., a provider of information and insights into what consumers watch and buy, is to acquire Arbitron Inc., an international media and marketing research firm.

Nielsen will acquire all of the outstanding common stock of Arbitron for $48 per share in cash, representing a premium of approximately 26 percent to Arbitron’s closing price on December 17, 2012. Nielsen has a financing commitment for the total transaction amount.

“U.S. consumers spend almost 2 hours a day with radio. It is and will continue to be a vibrant and important advertising medium,” said Nielsen Chief Executive Officer David Calhoun. “Arbitron will help Nielsen better solve for unmeasured areas of media consumption, including streaming audio and out-of-home. The high level of engagement with radio and TV among rapidly growing multicultural audiences makes this central to Nielsen’s priorities.”

Arbitron generated total revenues of $445 million and adjusted EBITDA of $131 million for the 12 months ended September 30, 2012. Cost synergies are reported to be at least $20 million and will be largely driven by the integration of technology platforms and data acquisition efforts.

USA, New York, NY

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Elsevier Announces its Acquisition of the Journal of Choice Modelling

elsevierElsevier has acquired the Journal of Choice Modelling (JOCM). Terms of the deal were not disclosed.

JOCM was founded in 2008 by its editors, Stephane Hess and John Rose, who will remain in charge after the transfer to Elsevier.

The Journal of Choice Modelling publishes theoretical and applied papers in the field of choice modelling. The journal covers topics such as transport and marketing where the analysis of choice behaviour is a topic of interest. While it mainly focuses on the use of discrete choice models, other methods and survey design are also discussed.

Chris Pringle , Executive Publisher at Elsevier said, “Since the Journal of Choice Modelling‘s interests extend from transport into marketing, finance, environmental economics and beyond, its focus on choice modelling nicely complements our existing journals in both economics and transport, in a growth area which we wanted to represent more strongly in our list. JOCM and its editors have a track record of demonstrated success, and we are very happy to have the opportunity to add such a high quality journal to the Elsevier family.”

UK, Oxford & UK, Leeds

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Decision Resources Group Acquires Abacus International

decision-resources-printDecision Resources Group, a subsidiary of Piramal Enterprises Ltd. announced on 4th December its acquisition of Abacus International, a UK based provider of evidence-based global market access solutions for many healthcare companies worldwide. Abacus will become part of the Market Access Business Unit at Decision Resources Group which currently includes the brands: Fingertip Formulary, HealthLeaders-InterStudy, PharmaStrat and Pinsonault. The terms of the deal were not disclosed.

Founded in 1995, Abacus has experience “across a wide range of disease areas,” providing services to its healthcare (many of which pharmaceutical) clients at all stages of their product life cycles including analysis of clinical evidence, development of technical health economic models and pricing input amongst others. With over 55 staff, Abacus is one of the largest independent health economic consultancies in Europe. The firm also offers software solutions in the form of in-house produced web and mobile applications.

Abacus states on its website that its current management team will remain in place and that it will “continue to deliver its services as normal.” The firm will also remain headquartered in Bicester, UK.

Peter Hoenigsberg, CEO of Decision Resources Group said “Abacus is an important acquisition in Decision Resources Group’s overall strategy to expand our market access capabilities and offer our clients the most innovative, high-value advisory solutions.” He continued “It also serves to boost our position in Europe as an important resource for healthcare firms worldwide.” The firm’s press release for the acquisition states that  “The acquisition is part of Decision Resources Group’s overall strategy to acquire and/or build leading brands that can leverage each other’s thought leadership to create meaningful products and services for the healthcare industry.” View the press release here.

US, Massachusetts & UK, Bicester

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