LONDON: Informa PLC reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Ascential Plc. Under the terms of the offer, each Ascential shareholder will be entitled to receive 568 pence in cash/share valuing the share capital of Ascential at approximately £1.2 billion…
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Ascential plc to sell its Digital Commerce and Product Design businesses for £1.4 billion
LONDON, UK: Ascential plc has entered into agreements to sell its Digital Commerce business to Omnicom Group Inc., and its product design business (WGSN) to Wind UK Bidco 3 Limited, a newly-formed company established by funds advised by Apax Partners LLP for a combined enterprise value of £1.4 billion and cash proceeds of £1.2 billion.…
Ascential plc acquires Intrepid E-Commerce for up to $250mn
LONDON, UK: Ascential plc (LSE: ASCL.L) has acquired Intrepid E-Commerce Services Pte. Ltd., a provider of eCommerce execution services to brands in South East Asia, a statement noted. The acquisition is for an initial cash consideration of US$57m, plus deferred consideration payable over four years, contingent on meeting certain financial targets, resulting in an estimated…
Ascential plc notifies acquisition of 4K Miles
LONDON, UK: Ascential plc has agreed for the acquisition of 4K Miles, a leading digital commerce advertising, execution and marketplace insights business serving challenger Chinese brands trading on Amazon globally. The deal is expected to close in December. Through its software-based offering, 4K Miles provides advertising execution, sales data analytics and inventory tracking to over…
Ascential acquires OneSpace, a content optimisation business
LONDON, UK: Ascential plc has acquired 100% of OneSpace, a content optimisation business serving brands trading on eCommerce marketplaces. Ascential plc is the specialist information, analytics and eCommerce optimisation company. Underpinned by its SaaS model, OneSpace manages product specific content catalogues, enables the creation of original material and customizes content in order to drive higher…
Ascential plc signs agreement to sell Glenigan for £72.9m
LONDON: Ascential plc has entered into an agreement to sell Glenigan, a brand within the Built Environment & Policy segment, to Byggfakta Group, for £72.9m in cash, a news release said. Completion is expected in Q1 2021 subject to an EU competition clearance required by the buyer. As previously indicated, the nature of Glenigan’s business…
Ascential plc
Ascential plc, (LSE: ASCL) formerly EMAP, is a British business-to-business media business specialising in exhibitions & festivals and information services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Ascential operates four informational service categories focused on businesses in the digital economy. The four areas are product…