Electra Partners will buy the data services division of media and marketing services business UBM for £160 million (€187 million, $252 million).
Electra’s UK-listed buyout arm Electra Private Equity will invest approximately £114 million in the transaction, with an additional £13 million coming from Electra Partners Club 2007, a £100 million co-investment fund. The deal, which also includes a £40 million vendor loan, is subject to regulatory approval and various council approvals in France.
UBM Data Services provides business information to clients in 28 countries. Its data covers a wide range of sectors including healthcare, technology, global trade, aviation and forest products. Digital subscriptions are the company’s largest revenue type, according to the statement.
“UBM’s Data Services businesses are a robust and diverse portfolio of businesses offering mission critical data products to users across five continents and five vertical segments,” Alex Fortescue, chief investment partner at Electra Partners, said in a statement.
Electra Partners invested £150 million during the 12-month period ending 30 September 2012, slightly more than the £136 million it invested during the previous 12 months, the firm said last November.
Last September the firm acquired a portfolio of second lien and mezzanine debt positions in five UK and European companies for £30 million. Also last year, the firm invested £33 million in UK property management services group Peverel Group and £69.8 million in Park Resorts, a UK-based caravan parks operator.
On the exit front, Electra sold its stake in luxury flooring manufacturer Amtico for £35.5 million and also sold its stake in software company CPA Global to Cinven, two of seven total exits completed during the 12-month period ending 30 September 2012.