Inflexion partners with Informa to create financial data intelligence business

Inflexion Private Equity Partners (Inflexion) is to partner with FTSE 100 Informa PLC to create a financial data and technology provider by bringing together two complementary businesses: Informa Financial Intelligence’s Financial Benchmarking & Omnichannel Experience (FBX) business and Novantas Inc, a financial data services company. 

The investment is being made by Inflexion’s dedicated minority investment fund, Partnership Capital II.

In an innovative transaction structure, Inflexion will partner with Informa PLC, to create a new business that combines the brands and operations of FBX and Novantas, establishing a leading position in the provision of retail banking data, intelligence and software solutions, with strength across mortgages, consumer lending, consumer deposits and digital banking.

FBX provides quantitative and qualitative competitive intelligence that supports the performance of retail banks’ portfolios. Novantas empowers clients to acquire, sell more profitable products, and retain customers through advanced technologies and cross-industry data offerings that support price optimisation, marketing, product design and digital engagement across the retail and commercial banking sector.

Simon Turner, Managing Partner of Inflexion, says: “We are looking forward to our partnership with Informa as we develop a leading competitive intelligence and specialist data business serving the retail banking market. The combined business will benefit from an expanded range of solutions with a strengthened market position.”

Alex Roth, Director of Strategy and Business Planning at Informa says: “We’re pleased to be partnering with Inflexion to create an exciting combined data intelligence business, in what is a dynamic market, and unlock further growth opportunities. Inflexion’s experience, approach and Partnership Capital offering will bring considerable benefits to the newly combined business.”

Craig Woodward, President of Informa Financial Intelligence, says: “We’re excited at the prospect of bringing our competitive intelligence business FBX together with Novantas. FBX and Novantas are very complementary, and the combination will allow us to better help our customers make profitable decisions, faster, in a changing and demanding market. We look forward to partnering with Inflexion in this new chapter of our growth and development.”

Under the terms of the transaction, Informa will retain a majority stake in the combined business, with Inflexion and the Novantas shareholders investing alongside Informa to retain significant minority stakes.

The transaction is subject to customary closing conditions.