GlobalData Plc (AIM:DATA) agreed to acquire Research Views Limited, Progressive Ventures Limited and Progressive Media Ventures Limited from Mike Danson and a number of other minority shareholders including Wayne Lloyd for approximately £100 million in shares on February 26, 2018. The consideration is to be satisfied through the issue of approximately 18 million new ordinary shares in GlobalData to the vendors. GlobalData Plc conditionally agreed to acquire from Research Views Limited from Michael Danson, Wayne Lloyd and others for approximately £110 million on March 29, 2018. Under the terms of the acquisition, 15.96 million new shares will be issued to the vendors. In addition, net debt of £9.8 million will be assumed by GlobalData on completion, which includes shareholder debt of £8.4 million.  In addition vendors and Research Views have entered into the reorganisation agreements pursuant to which Research Views has acquired all of the Vendors' shares in Progressive Media Ventures and Progressive Ventures, including the outstanding minority interests in SociableData Limited (a subsidiary of Research Views), in exchange for shares in Research Views. The Board intends that appropriate lock-in and orderly market arrangements will be put in place. The acquisition remains subject to satisfactory due-diligence, binding legal agreements and the approval of GlobalData's shareholders at a general meeting. The independent Directors of GlobalData Plc recommend unanimously shareholders to vote in favour of the resolution at a general meeting. Completion is expected to occur following the general meeting on April 24, 2018. The acquisition is expected to be earnings accretive in the first full year of ownership. As of April 24, 2018, the shareholders of GlobalData approved the transaction. James Maxwell and James White of N+1 Singer acted as financial advisor to GlobalData and its independent Directors. Philip Taylor, Delphine Currie, Caspar Fox, Victoria Bryden, Nicola Delaney and Emma McGrory of Reed Smith LLP acted as legal advisors to GlobalData Plc. GlobalData Plc (AIM:DATA) completed the acquisition of Research Views Limited, Progressive Ventures Limited and Progressive Media Ventures Limited from Mike Danson and a number of other minority shareholders including Wayne Lloyd on April 24, 2018.