UK data giant GlobalData Plc has terminated potential takeover talks with private equity firm ICG.
Intermediate Capital Group (ICG) – like GlobalData, headquartered and listed in London – confirmed that it no longer plans to make an offer for GlobalData after the latter’s announcement to the London Stock Exchange.
In May, the deadline for ICG to submit a firm offer had been extended to 11th June from the original date of 28th May.
It follows the collapse of GlobalData’s takeover talks with American PE giant KKR last month.
GlobalData Plc, led by Mike Danson (pictured), is a data, insights, and analytics platform serving the world’s largest industries.
It said it remains optimistic about its future prospects and will focus on its three-year growth transformation plan, which is targeting annualised revenues of £500m by the end of 2026.
In January GlobalData completed four acquisitions in a week after securing a £340m funding facility late last year.
The London-headquartered data, analytics and insights giant split into three divisions last June as it completed a £434m private equity deal which saw it hand over a minority 40% stake in its healthcare business to Inflexion.