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Eversheds advises Electra Partners on proposed £160 million purchase of Delta

  • United Kingdom

    08-02-2013

    Global law firm Eversheds has advised Electra Partners on its binding offer to purchase a portfolio of UBM's Data Services businesses ("Delta") for £160 million. The offer is subject to consultation with the relevant works council in France and certain regulatory and other approvals.
     
    Delta provides 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 and IP, global trade, aviation and forest products.

    The Eversheds team was led by partner Richard Moulton, assisted by Senior Associate Louise Finnie and a team of lawyers across 13 Eversheds international offices and 15 relationship firms.

    Richard commented:

    "We are delighted to have supported Electra Partners in relation to this complex cross border transaction involving a business located in 28 countries worldwide from a FTSE 250 group. Electra Partners and the management team have clear plans to further develop and grow the Delta businesses and we believe that their strong partnership will serve their ambitions well."

    Commenting on this offer, Alex Fortescue, Chief Investment Partner at Electra Partners, said:

    "UBM's Data Services businesses are a robust and diverse portfolio of businesses offering mission critical data products to users across five continents and five vertical segments. We are excited by the opportunities to develop these businesses and deliver value growth."

    Alex Cooper-Evans, Investment Partner at Electra Partners, commented on Eversheds role on the transaction:

    "This is a complicated, international transaction. Richard and his team rose to meet its challenges on a compressed timeline with vigour, focus and judgement."

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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