11th Jun 2025 09:19
GlobalData PLC - London-based data analytics and consultancy - GlobalData is left at the altar by both its potential suitors, as ICG Europe Fund IX SCSP confirms it does not intend to make a takeover offer. Both ICG and private equity firm Kohlberg Kravis Roberts & Co LP approached GlobalData in late April. However, KKR pulled out in late May. Neither firm gave a reason for withdrawing. In response, GlobalData on Wednesday confirms that discussions with ICG have ended. It says it "remains highly confident" in its future prospects. It will implement its three-year 'growth transformation plan', which has a target of GBP500 million in annualised revenue by the end of 2026. GlobalData booked GBP285.5 million in revenue in 2024. Read More
