(Reuters) -Britain’s GlobalData on Wednesday extended the deadline to June 11 for private equity firm ICG to make a firm takeover offer, while ending talks with KKR after failing to reach an agreement on terms. GlobalData, headquartered in London, offers data analytics and consulting services across various sectors, including healthcare, aerospace and financial services. It […]
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GlobalData extends ICG bid deadline, ends takeover talks with KKR
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(Reuters) -Britain’s GlobalData on Wednesday extended the deadline to June 11 for private equity firm ICG to make a firm takeover offer, while ending talks with KKR after failing to reach an agreement on terms.
GlobalData, headquartered in London, offers data analytics and consulting services across various sectors, including healthcare, aerospace and financial services. It has a market capitalisation of 1.52 billion pounds ($2.1 billion) as of May, according to LSEG data.
The data analytics and consulting company said in April it was in talks with funds managed by ICG and KKR for a possible cash offer, including an option for shareholders to elect for an unlisted equity alternative.
The deadline for both private equity funds to make a bid was May 28.
UK companies have seen a rise in M&A activity. A survey last November showed that private equity firms expect increased deal activity in the UK in 2025.
($1 = 0.7418 pounds)
(Reporting by Anandita Mehrotra in Bengaluru; Editing by Mrigank Dhaniwala and Janane Venkatraman)