U.K. newspaper publisher and media company Daily Mail and General Trust plc, or DMGT, agreed to sell EDR, its U.S.-based property information business, to two technology-focused private equity firms for $205 million.
Silver Lake and Battery Ventures will acquire the business, which provides property due diligence and risk management technology and information.
The deal is scheduled to close in the coming weeks, subject to customary conditions. DMGT had announced plans to sell the business in November 2017.
Goldman Sachs International advised DMGT on the deal.
