Home » Industry » Education » Informa Sells Five Corporate Training Assets for US $180 Million

Informa Sells Five Corporate Training Assets for US $180 Million

Informa Plc agreed to divest its interest from its five corporate training businesses after signing an agreement with Providence Equity Partners. The total consideration for the sale amounted to US $180 million.

The company, one of the premier academic publishing and business information and events groups, said in a statement that it’s looking to focus more on its subscription and events as well as the emerging markets.  The five corporate training businesses have a aggregate asset totalling US $358.8 million. As of December last year, they were able to generate sales for information in the amount of US $194 million.

According to the agreement, US $100 million in cash  and US $65 million in vendor loan will be included in the initial consideration. An additional US $15 million will be paid to Informa in 2014 provided the corporate training businesses generate revenues this year.

Source:  International Venture Capital Posts

Leave a Reply