Montagu Private Equity is acquiring the London-based Jane’s data and intelligence provider to the defence and aerospace sector, from IHS Markit, in a deal exclusively forecast by Flashes & Flames last month. The price is believed to be $470m.
Jane’s was founded in 1898 and has over 300 staff with a further 600 global contributors. CEO Blake Bartlett, will continue to run the business which had been acquired from Thomson Corp, of Canada, by IHS for $183m in 2007.
That was before the 2016 merger which created the IHS Markit data-tech group with revenues of $4bn and EBITDA of $1.6bn. Jane’s has been consistently developed away from its traditional publishing offer of defence magazines and reference books towards digital data and intelligence provision in recent years.
