LONDON (ShareCast) - (Sharecast News) - Globaldata has announced that ICG has walked away from takeover discussions after two months of speculation.
ICG and KKR had been circling the data analytics and consulting company since late-April, though KKR talks were terminated two weeks ago after an agreement could not be reached.

ICG's 'put up or shut up' deadline was then extended to 1700 BST on Wednesday, but the private equity firm has now confirmed it does not intend to make an offer.

"GlobalData announces today that it has terminated discussions with ICG regarding the proposal," GlobalData said in a regulatory filing.

"The board remains highly confident in the future prospects of GlobalData, including through the implementation of the three-year Growth Transformation Plan and the target for annualised revenues of £500m by the end of 2026."



The revenue target, which compares with 2024 revenues of £285.5m, will be achieved through a combination of high single to double-digit organic revenue growth and M&A, the company said.

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