GlobalData PLC Update re. Inflexion minority stake investment
05 Juin 2024 - 8:00AM
RNS Regulatory News
RNS Number : 1272R
GlobalData PLC
05 June 2024
05
June 2024
GlobalData
Plc
(AIM:
DATA, GlobalData, the Group)
Investment in Healthcare
Division by Inflexion
Investment agreement with
Inflexion for a minority stake in GlobalData's Healthcare
division
Further to the announcement made on
21 December 2023 regarding the proposed investment by Inflexion
Private Equity Partners LLP into GlobalData's Healthcare division,
the Company is pleased to announce that all the regulatory and
other conditions have now been satisfied and that completion of the
investment will take place on 28 June 2024. On completion,
the Company will receive net cash proceeds of approximately £434
million.
Mike Danson, CEO of GlobalData, commented:
"This investment in our Healthcare division
represents a compelling crystallisation of the significant value
that has been created for our shareholders through the delivery of
our growth strategy. We are delighted to be partnering with
Inflexion to take our Healthcare division into its next phase of
growth.
Our business will continue to evolve rapidly through our
2024-2026 Growth Transformation Plan, as we invest in products and
AI and leverage the proceeds from this transaction to accelerate
growth investment and targeted M&A across the
Group."
ENDS
ENQUIRIES
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GlobalData Plc
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Mike Danson, Chief Executive
Officer
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0207 936 6400
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Graham Lilley, Chief Financial
Officer
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J.P. Morgan Cazenove (Nomad, Joint Broker)
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0203 493 8000
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Bill Hutchings
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Mose Adigun
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Alex Bruce
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Panmure Gordon (Joint
Broker)
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0207 886 2500
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Rupert Dearden
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Dougie McLeod
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Investec Bank plc (Joint Broker)
Henry Reast
Virginia Bull
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0207 597 5970
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FTI
Consulting (Financial PR)
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0203 727 1000
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Edward Bridges
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Dwight Burden
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Emma Hall
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J.P. Morgan Cazenove is acting as
Sole Financial Advisor to GlobalData Plc. Reed Smith
LLP is acting as legal counsel to GlobalData.
J.P. Morgan Securities plc, which
conducts its UK investment banking activities as J.P. Morgan
Cazenove ("J.P. Morgan Cazenove"), and which is authorised in the
United Kingdom by the Prudential Regulation Authority and
regulated in the United Kingdom by the Financial Conduct
Authority and the Prudential Regulation Authority, is
acting exclusively as sole financial adviser for GlobalData
Plc and no one else in connection with the Transaction and
shall not be responsible to anyone other than GlobalData
Plc for providing the protections afforded to clients of J.P.
Morgan Cazenove or its affiliates, nor for providing advice in
connection with the Transaction or any other matter referred to
herein
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END
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