To date, Electra Private Equity PLC and the Electra Partners Club 2007 have invested £91.5 million and £11.8 million respectively. Electra Private Equity PLC and the Electra Partners Club 2007 have agreed to invest up to a further £7.5 million and £1.2 million respectively to acquire further Data Services businesses from UBM – should this take place Electra Private Equity PLC’s investment would total £99 million. This is lower than the £114 million offer announced in February 2013 as it reflects a £15 million investment by a third party co-investor.
The Data Services businesses provide data and information products which professionals use to support their decision-making and day-to-day business activities. Operating in 28 countries worldwide, the businesses serve a wide range of sectors including healthcare, technology & IP, global trade, aviation and forest products.
The Electra Partners deal team for this transaction included Alex Fortescue, Alex Cooper-Evans, Sarah Williams and Tom Stenhouse.
This investment follows a busy start to 2013 for Electra Partners in which it announced a £56 million investment in a portfolio of five secondary private equity funds in February, and the realisation of its investment in esure, which generated a 3x return, in March.