Sunday 17 May 2009

Informa puts Robbins-Gioia up for sale

(By Richard Holway 6.00pm 17th May 09) As readers might know Richard Holway Ltd was bought by Ovum in 2000 which was bought by Datamonitor in late 2006 which was bought by Informa in 2007. Hence my interest in the announcement that Informa had appointed Greenhill to run an auction for the sale of their US IT programme management operation – Robbins-Gioia. Customers include GM (hope they get paid...), Johnson & Johnson and Merrill Lynch.

£70m is expected from the sale. Bit of a drop in the ocean compared to Informa’s £1.3b debt. Maybe they’d accept an offer for Ovum? Any backers out there for such a move?

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