Formed in early 2016 following the consolidation of a series of well-established data and insights solution providers, GlobalData is one of the world’s leading data and analytics providers serving a growing global client base, which is diversified across geography, size and industries.
The Research Views group provides industry news, research, analysis and deals data across the energy, financial services, construction and consumer industries.
Under the terms of the acquisition, 15,957,447 new ordinary shares in GlobalData will be issued to the vendors of Research Views (15.6% of the existing ordinary shares in GlobalData), which equates to £90.0 million based on the volume weighted average price of an existing ordinary share of 564 pence over the 30 days prior to the announcement of the possible acquisition.
A cross-departmental Reed Smith team worked alongside GlobalData’s Group General Counsel, Ben Goodburn. The Reed Smith team was led by corporate partner Philip Taylor and included ECM partner, Delphine Currie and tax partner, Caspar Fox; assisted by associates Victoria Bryden, Nicola Delaney and Emma McGrory.
Keystone Law acted for Research Views and Edward Bond Law acted for a number of the vendors.
Commenting on the acquisition, partner Philip Taylor said: “We were delighted to act for the first time for GlobalData on this important strategic acquisition, giving us the opportunity to deploy our cross-border M&A expertise in London, Asia and the US.”
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