Informa PLC Completes Sale of Lloyd’s List to Montagu
Topics: global shipping news, Informa Plc, Lloyd’s List, Lloyd’s List Intelligence, Maritime Intelligence, Montagu
Montagu, a leading private equity firm, is pleased to announce that it has agreed to acquire Maritime Intelligence from Informa Plc.
Maritime Intelligence, commonly known as Lloyd’s List Intelligence, is a leading provider of maritime data and intelligence, widely used across the shipping ecosystem, extending to the finance, legal, academic, insurance, and government sectors. Its market-leading products provide reliable, high-quality data and actionable analytics, which help professionals make informed decisions on compliance, risk management and operations.
The business consists of maritime data and analytics, insight services, and legal reference sources, including Lloyd’s List, an industry-leading source for global shipping news with origins stretching back to 1734.
Commenting on the acquisition, Maritime Intelligence Chief Executive Michael Dell said, “We are delighted to join Montagu and the suite of knowledge-led and tech-enabled businesses in their portfolio. 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.”
For Montagu, Edward Shuckburgh, Director said, ”Maritime Intelligence is a unique business with a historic legacy and reputation hard-won over hundreds of years. 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.”
For Informa PLC ,Stephen A. Carter, Group Chief Executive,, said, ”Over the past year, we have streamlined and refocused the Group to concentrate on our leadership positions in Academic Markets and B2B Markets. By divesting non-core assets, including Thursday’s sale of Maritime Intelligence, we have generated $3bn in value, providing additional flexibility for shareholder
returns, additional growth investment and further targeted expansion.”
Source Montagu and InformaPLC
Featured Title image courtesy of Lloyd’s List Maritime Intelligence
