Informa

Informa plc (LSE: INF) is a multinational publishing and conference company with its head office in Zug, Switzerland and its registered office in St Helier, Jersey.^[3] It has offices in more than 43 countries and more than 8,500 employees. It owns numerous brands including AchieveGlobal, CRC Press, Datamonitor, ESI International, Lloyd's List, Routledge and Taylor & Francis.

It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

Informa's oldest business started in 1734 when Lloyd's List, now one of the world's oldest continuously-running journals, began covering London shipping news.^[4]

Informa itself was created in 1998 by the merger of IBC Group plc and LLP Group plc. Since then Informa has expanded considerably, including a 2004 merger with the publishing company Taylor & Francis and a 2005 acquisition of IIR Holdings, a human capital development company, for £768 million.^[5][6] In October 2006, the company was approached by Springer Science and Business Media in a takeover bid,^[7] but in early November the Informa board rejected the 630p per share offer as too low.^[8]

In early 2007, chairman Richard Hooper announced his retirement in May and, after consulting with major shareholders, the company moved chief executive Peter Rigby to chairman, and managing director David Gilbertson to Rigby's former post. Informa explained Rigby's move by the need to maintain management stability, although it generated some controversy because it did not follow the advice of the UK's Combined Code on Corporate Governance.^[5][9]

On 8 June 2008, The Sunday Telegraph revealed that United Business Media (UBM) had proposed a merger with Informa to create a media group worth over £3 billion.^[10] The talks were confirmed by Informa in a press release that same day, but described as "preliminary".^[11][12] Previously on May 13 The Times had reported that the Carlyle Group and Apax Partners were considering bidding for the company.^[13] On June 17 talks with UBM ended because of the rapid rise in Informa's stock price after the public disclosure of the potential merger.^[14] On June 26 a private equity consortium consisting of Providence Equity Partners, the Carlyle Group and Hellman & Friedman proposed a takeover bid offering 506 pence per share.^[15]

On 1 May 2009 the company announced that it would be restructure its business so it was incorporated in Jersey but tax resident in Switzerland.^[16]

Operations

The company operates more than 10,000 conferences annually, and publishes newsletters, academic journals, commercial databases, and academic and business books. Topics covered include arts and humanities through social sciences to physical science and technology; and finance and the law through to telecommunications, maritime trade, energy, biotech, commodities and agriculture. Its online publishing portal Informaworld provides subscribers with more than half a million journal articles and 13,000 e-books from all its imprints.^[17] Besides publishing, the group has several other interests represented by the brands it owns in many countries. These brands (companies) work in the areas of performance improvement and management consulting. It has the following divisions:

References

External links

• Informa