IRIS Group VC's bidding for Informa?
We've reported before that venture capitalists are circling the Informa Group – best known in the UK legal IT market for the Islington Legal IT Show and the autumn Legal IT Forum aka GlenLegal although this year the event has been rebranded as the New Legal IT Forum and relocated to the rather less upmarket Celtic Manor near Swansea.
Earlier this month, UBM (United Business Media) dropped out of merger talks with Informa however since then at least four VC/private equity groups have expressed an interest: Blackstone, Permira, Kohlberg Kravis Roberts and a consortium comprising Providence Equity, Carlyle Group and Hellman & Friedman.
Hellman & Friedman? Where have we heard that name before? Oh, yes! They are the people who helped buyout the Computer Software Group and create what today is the IRIS Legal Group, which now includes our old friends AIM, Laserform, Mountain and Videss plus GB Systems, Meridian and Opsis.