trending Market Intelligence /marketintelligence/en/news-insights/trending/Q0EGXQTMLV4z4_Z7wujpJQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

IHS Markit, Informa ink deal to exchange biz units

Podcast

Street Talk Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Street Talk – Episode 76: Record pace of fintech M&A, funding in Q1'21 has legs

Fintech Intelligence Digital Newsletter: April 2021

Blog

Fintech Intelligence Newsletter: March 2021


IHS Markit, Informa ink deal to exchange biz units

IHS Markit Ltd. agreed to exchange a majority stake in its technology, media and telecommunications intelligence business platform for 100% of Informa PLC's agribusiness intelligence group.

Informa will pay an additional $30 million to IHS Markit to reflect the larger EBITDA of the IHS Markit's TMT unit, as the deal values the two exchanged businesses at equivalent EBITDA multiples. IHS Markit will retain RootMetrics and a portion of its market intelligence business at the closing of the deal.

The exchange of business units is expected to close in July.

IHS Markit said the deal will not affect its strategy to reduce its leverage below 3.0x and complete $500 million in share repurchases in 2019.