Update re. Inflexion minority stake investment
Inflexion investment in Healthcare division to complete on 28 June 2024, yielding net cash proceeds of £434 million.
- Net cash proceeds from Inflexion investment £434 million
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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."
J.P. Morgan Cazenove is acting as Sole Financial Advisor to GlobalData Plc. Reed Smith LLP is acting as legal counsel to GlobalData.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.