Electra Partners to buy UBM data division for £160m

Electra committed £114m from Electra Private Equity and an additional £13m from Electra Partners Club 2007, which closed on £100m in May 2008. The transaction will include a £40m PIK vendor loan with a six-year maturity at a 6% carry.

The transaction remains subject to regulatory approval and consultation with the relevant French work council.

Company
UBM Data Services is a division of British business support services provider UBM. The parent company is headquarterd in London and active in business-to-business communications, marketing and data services. It was founded in 1918 as United Newspapers. Today, it employs 6,500 people across 30 countries.

UBM Data Services operates in 28 countries worldwide and caters to clients in the healthcare, technology, IP, aviation and global trade sectors. In 2012, it generated £179.3m in revenues with a £27.4m EBIT.

People
Chief investment partner Alex Fortescue led the deal on behalf of Electra. He was supported by Alex Cooper-Evans, Sarah Williams and Tom Stenhouse. Henry Elkington is CEO of UBM Data Services. 

Advisers
Equity - HSBC Corporate Finance (Corporate finance); Eversheds (Legal); Marsh (Insurance due diligence); PwC (Tax).
Vendor - Credit Suisse (M&A) 

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• Topics
• UK / Ireland
• Support services
• Buyouts
• United Kingdom
• Electra Partners LLP