Industry Dive, a Washington, D.C.-based business news company, has signed an agreement to be acquired by Informa, a publicly traded events and publishing company, for an enterprise value of $525 million, reports Sara Fischer of Axios.
Fischer reports, “It’s a great outcome for Industry Dive, which has grown its business to over $100 million in annual revenue over the past 10 years.
“By the numbers: The deal values Industry Dive at a cash value of $389 million, according to the source. That number doesn’t include potential earn-outs based on revenue growth or equity that’s being rolled over into the new company. The total enterprise value of the deal is $525 million, nearly 5x the company’s annual revenue.
- Industry Dive is expecting roughly $110 million in revenue this year with a profit margin of 30%, according to a source familiar with its finances. The company has been profitable since 2013, the year after it was founded.
- Roughly 380 people work at Industry Dive, with around 115 of those employees working in editorial roles. All employees will remain as part of the deal.”
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