Informa announced the sale of maritime news service Lloyd’s List to Montagu private equity in a £385m deal, reports Dominic Ponsford of Press Gazette.
Ponsford writes, “Lloyd’s List was launched in 1734 and may be the oldest B2B title in the world. The print edition closed in 2013 but it has gone from strength to strength as a paywalled website that provides news, data and marketing solutions for the industry.
“The latest deal follows the sale of Pharma Intelligence by Informa for £1.9bn and EPFR for £162m.
“Informa said the blended valuation of the three B2B information businesses it has sold was 28 times EBITDA, a strong multiple that suggests the investors have high confidence in future growth. Informa retains a 20% equity stake in Lloyd’s List.”
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