GlobalData Halts Takeover Talks with Private Equity Firm ICG

GlobalData Plc, a UK-based data and analytics powerhouse, has concluded its negotiations for a takeover by the private equity firm Intermediate Capital Group (ICG), both headquartered and listed in London. The talks were officially terminated following GlobalData's notification to the London Stock Exchange. Initially, a formal submission deadline for the offer had been extended to mid-June from the original late-May schedule. Prior to this, GlobalData had also ended potential takeover discussions with KKR, a prominent American private equity firm. Under the leadership of Mike Danson, GlobalData intends to pursue its three-year growth transformation plan, with a goal of achieving annualized revenues of £500 million by the end of 2026. Previously, the company completed significant acquisitions and secured substantial funding, which underscores its strategic redirection toward growth and division restructures. Furthermore, a noteworthy transaction last year involved a major private equity deal where GlobalData divested a minority stake in its healthcare business to Inflexion.