- The deal values the firm at £385 million
- Informa will retain a 20% stake in the business
- Montagu picked up EPFR from Informa for £162 million in July
Frankfurt-headquartered Montagu announced on Thursday that it has agreed to buy London-based Maritime Intelligence, commonly known as Lloyd’s List Intelligence, from Informa. The deal values the firm at £385 million. Informa will retain a 20% stake as part of the deal.
Montagu is a private equity firm with €10 billion in assets under management that looks to invest in middle-market companies within healthcare and tech-enabled sectors.
“Maritime Intelligence is a unique business with a historic legacy and reputation hard-won over hundreds of years,” said Edward Shuckburgh, director at Montagu. “It is complementary to our portfolio of data and analytics investee companies with strong current growth and revenue acceleration potential. We are pleased to welcome the business to the Montagu family.”
Maritime Intelligence provides analysis, intelligence and data around global seaborne transport and trade enabling professionals and businesses working in maritime industries to make better informed decisions. The deal includes Lloyd’s List, a source for global shipping news with origins stretching back to 1734.
“We are delighted to join Montagu and the suite of knowledge-led and tech-enabled businesses in their portfolio,” said Michael Dell, CEO of Maritime Intelligence. “Partnering with Montagu supports our continued delivery of innovative maritime analytics for customers, and we are confident of a bright and prosperous future under their leadership.”
It is the second deal between Montagu and Informa in the last month. Montagu agreed to buy financial intelligence company EPFR from Informa for £162 million in July.