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Informa sells Lloyd's List as part of portfolio refocusing

Kerry Flynn
Aug 5, 2022
RMS Titanic in Belfast, 1911-1912. Photo: Pictures from History/Universal Images Group via Getty Images
RMS Titanic in Belfast, 1911-1912. Photo: Pictures from History/Universal Images Group via Getty Images

Informa sold its maritime intelligence division, including Lloyd's List, to Frankfurt-based private equity firm Montagu in a £385 million (~$464 million) deal.

Why it matters: This is the latest move by the U.K. business publisher and events company to shed non-core assets and to focus on investing in higher-growth businesses.

  • Informa signed an agreement last month to acquire Industry Dive, a Washington, D.C.-based business media company, Sara Fischer reported.

Details: Informa announced the Lloyd's List deal as part of its half-year results on Thursday. The company reported £1 billion (~$1.21 billion) in revenue, up 59.1.%, and operating profit of £234.5 million (~$282.5 million), up 226.6%.

  • Informa CEO Stephen Carter said refocusing the company's portfolio, including the Lloyd's List sale, has generated "$3 billion (~£2.4 billion) in value," per Evening Standard.
  • Informa "has been selling its data and business intelligence operations to concentrate on events and high-end academic publishing," per The Times.

Of note: Lloyd's List listed the insurance details of the doomed Titanic.

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