Offer Discussions Ended
GlobalData terminated takeover discussions with ICG Europe Fund IX regarding a proposed cash offer for the company.
- Target annualised revenue £500m
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On 30 April 2025, the Board of GlobalData (the "Board") confirmed, in response to media speculation, that it had received a preliminary, conditional proposal from funds managed and/or advised by ICG Europe Fund IX GP S.a.r.l. on behalf of ICG Europe Fund IX SCSP ("ICG"), regarding a possible cash offer for the entire issued and to be issued share capital of GlobalData, with an option for GlobalData shareholders to elect for an unlisted equity alternative (the "Proposal").
GlobalData announces today that it has terminated discussions with ICG regarding the Proposal.
The Board remains highly confident in the future prospects of GlobalData, including through the implementation of the three-year Growth Transformation Plan and the target for annualised revenues of £500m by the end of 2026.
Notwithstanding the termination of discussions, technically GlobalData remains in an "offer period" until ICG either announces a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announces that they do not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies, which must be by 5.00p.m. (London time) on 11 June 2025.
Rule 26.1 disclosure
Additional Information
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.