By Anthony O. Goriainoff
GlobalData said its talks with ICG Europe Fund IX SCSP about a possible takeover for the company have ended, and that it remains confident in its future prospects.
The data, analytics and insights platform said Wednesday that the board was confident in its three-year growth plan and 500 million pounds ($675 million) annualized revenue target by the end of 2026.
Separately, ICG confirmed that it didn't plan to proceed with a formal offer to buy GlobalData.
GlobalData said on April 30 that it had received takeover proposals from ICG and Kohlberg Kravis Roberts & Co., which pulled out on May 28.
At the time of the original announcement, GlobalData had a market capitalization of 1.09 billion pounds, based on a closing price of 135 pence.
Its shares closed Tuesday at 172.50 pence.
Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
June 11, 2025 02:39 ET (06:39 GMT)
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