Informa plc completed the acquisition of Industry Dive, Inc. from Falfurrias Capital Partners, LP.
September 31, 2022
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Informa plc (LSE:INF) entered into a definitive agreement to acquire Industry Dive, Inc. from Falfurrias Capital Partners, LP for approximately $530 million on July 18, 2022. The initial cash consideration being paid is $389 million. The agreement includes a significant earn-up element, which is designed to drive further growth acceleration. If the earn-up growth acceleration plan is delivered in full, it could see total consideration increase to $525 million by 2024. As of July 19, 2022, Industry Dive reported a revenue of $81.9 million, total assets of $149 million and Profit before tax of $4.1 million for the period ended December 31, 2021. Industry Dive will remain a standalone business at Informa within its Informa Tech division. The transaction is subjected to regulatory approvals and customary closing conditions. The transaction is anticipated to close during the third quarter of 2022. BrightTower LLC acted as financial advisor to Industry Dive and Falfurrias Capital Partners. K&L Gates LLP acted as legal advisor to Industry Dive and Falfurrias Capital Partners.
Informa plc (LSE:INF) completed the acquisition of Industry Dive, Inc. from Falfurrias Capital Partners, LP on September 1, 2022. Moelis & Company (NYSE:MC) acted as financial advisor to INFORMA PLC in the transaction.
Informa PLC specializes in organizing events and publishing books, documents and journals. The activity is organized around four sectors:
- organization of exhibitions;
- publishing of academic and scientific research contents: human and social sciences, technology, medicine, physical sciences, etc.;
- publishing of professional and commercial contents: sciences and health, finances, legal sciences, trading, transport, telecommunication, etc.;
- organization of conferences and professional training trade shows.
The group's contents are marketed in the form of publications on paper, electronic download, and CD-ROM.
Net sales break down by activity into sale of organization of events (36.3%), subscriptions (23.6%), sale of publications (14.9%), sale of advertising space (8.1%) and other (17.1%).
Net sales are distributed geographically as follows: the United Kingdom (5.7%), Continental Europe (13.4%), North America (56%), China (4.4%) and other (20.5%).
INFORMA PLC 
