Montagu buys Jane's from IHS Markit

No further financial details surrounding the transaction, including the division's revenues, have been released. Montagu declined to comment when contacted by Unquote.

The GP is currently investing from its 2015 fund, Montagu V, which closed on its €2.75bn hard-cap. Montagu targets European buyouts valued in the broad €100m-1bn range. It is now on the road to raise its next flagship fund, with a target in the region of €3bn.

Jane's is currently part of IHS Markit's transportation division alongside the automotive and maritime industry sub-segments. Jane's was originally acquired by IHS Markit in 2007 from The Woodbridge Company.

IHS Markit's transportation division posted revenues of $1.16bn in 2018, for an EBITDA of $479m.

Following the transaction, Jane's will operate as a standalone business led by CEO Blake Bartlett and his senior leadership team.

Company
Founded in 1898, Jane's is a global provider of open-source intelligence to the aerospace, defence and security industries. Its clients include governments and national security agencies, as well as aerospace and defence businesses. Headquartered in Coulsdon, UK, Jane's employs 300 staff and has a pool of 600 independent contributors.

People
Montagu Private Equity – Ed Shuckburgh (director).

Advisers
Equity - Baird (M&A).

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