Deals
Informa Sells Pharma Analytics Unit to Warburg for $2.3 Billion
- London-based Informa received “significant interest” in unit
- Shares jumped as much as 5.4% following the announcement
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Informa Plc agreed to sell 85% of its Pharma Intelligence division to private equity firm Warburg Pincus LLC for 1.7 billion pounds ($2.3 billion), in a key part of the events and data company’s plan growth plan after the pandemic.
London-based Informa received “significant interest” in the business, Chief Executive Officer Stephen Carter said in a statement Thursday. Its shares jumped as much as 5.4% following the announcement.