Kirkland & Ellis advised Inflexion Private Equity Partners LLP, a leading mid-market private equity firm, on its investment, in partnership with Informa PLC, to form a market leading financial data and technology provider. The transaction brings together Informa Financial Intelligence’s Financial Benchmarking & Omnichannel Experience (FBX) business and Novantas Inc, a financial data services company, which is being acquired in connection with the investment. The investment is being made by Inflexion’s dedicated minority investment fund, Partnership Capital II. Under the terms of the transaction, Informa will retain a majority stake in the combined business, with Inflexion and the Novantas shareholders investing alongside Informa to retain significant minority stakes. The transaction is subject to customary closing conditions and is expected to complete by the end of the second quarter, 2021.
The Kirkland team was led by corporate partners Douglas DiMedio, Aneeq Durrani, Richard Watkins and Roger Johnson with support from Leo Greenberg.