Montagu Private Equity LLP reached an agreement to acquire Jane's Information Group Limited from IHS Markit Ltd. (NYSE:INFO) for approximately $470 million on September 24, 2019. Following completion, Jane’s will operate as a standalone business led by Blake Bartlett and his senior leadership team. The purchase price represents an adjusted EBITDA multiple of 14 to 15x on a business with approximately 45% adjusted EBITDA margin. The acquisition is subject to customary closing conditions, regulatory filings and approvals. IHS Markit will use proceeds from the disposition to reduce leverage. The transaction will result in $0.03 of forward adjusted EPS dilution. Bank of America Merrill Lynch International Limited acted as financial advisor to IHS Markit Ltd. Justin Prichard, Simon Pearson, David Silver, Bharathi Kannan and John Song of Robert W. Baird Limited acted as financial advisors to Montagu Private Equity LLP. Kevin Palmer and Dan Martinez of Liberty Corporate Finance acted as financial advisors for management of Jane's Information Group Limited. Frances Wang and Josh Feit of Linklaters LLP and Weil, Gotshal & Manges LLP acted as legal advisors for Montagu Private Equity. Montagu Private Equity LLP completed the acquisition of Jane's Information Group Limited from IHS Markit Ltd. (NYSE:INFO) on December 2, 2019. Barings acted as mandated lead arranger and sole provider of a senior secured credit facility to support Montagu Private Equity in acquisition of Jane's from IHS Markit. Oliver Smith and Darren M. Schweiger of Davis Polk & Wardwell, LLP acted as legal advisors to IHS.