Combines top CPG, basic goods, foodservice and food items consumption information capabilities to present revolutionary watch of whole retail acquiring and intake developments
Info Resources, Inc. (“IRI”), a quickly-expanding world leader in revolutionary alternatives and expert services for shopper, retail and media corporations, and The NPD Team (“NPD”), a world wide service provider of sector details and advisory providers in more than 20 industries, currently declared the signing of a definitive arrangement via which IRI and NPD will merge. The mixture will produce a main global technologies, analytics and info provider that presents customers a check out of complete retail getting and intake traits run by highly developed, predictive analytics on the business-top IRI Liquid Knowledge® technologies system. The transaction, which is matter to customary closing ailments, is expected to near in the next 50 % of 2022. Terms of the settlement had been not disclosed.
By bringing jointly complementary top facts assets throughout a broad variety of industries on the most ground breaking, advanced information visualization platform, the mixed company will empower makes and retailers to collaborate, improved support their clients, reply to trends and leverage more highly effective insights to travel expansion. NPD presents current market data and advisory products and services for typical items, including softlines, technologies and retail, as perfectly as foodservice and meals intake. This will be merged with IRI’s unparalleled industry measurement, offer chain and media optimization solutions, technological know-how system, retail associations and details belongings for the CPG sector, which encompasses the grocery, convenience and in excess of-the-counter health care categories.
Kirk Perry, president and CEO of IRI, explained, “This mix is a get for IRI, NPD, our clients and our groups as we carry jointly two business leaders to offer a whole retail store watch. We seem forward to signing up for forces with the NPD workforce, which provides experience in elements of the store that IRI does not go over right now. As the world retail landscape carries on to evolve, IRI and NPD will have innovative engineering, analytics, knowledge assets, expertise and geographic arrive at to best guidance the expansion of the world’s leading brands and vendors. Our mixed corporation will be effectively-positioned for ongoing innovation and accomplishment, backed by the skills and resources of our new vast majority investor, Hellman & Friedman (“H&F”), along with our long-expression companions at Vestar Funds and New Mountain Cash.”
NPD CEO Karyn Schoenbart included, “We are enthusiastic about the prospect of combining our corporations to give shoppers the applications and information and facts they will need to realize success amid switching buyer behavior. Both NPD and IRI share equivalent consumer-focused, revolutionary and collaborative cultures, generating this blend a all-natural match.”
H&F, a premier world non-public equity business, will receive a greater part stake in IRI and merge IRI with H&F portfolio organization NPD. H&F will direct an ownership team consisting of existing extended-term IRI traders Vestar Capital Associates (“Vestar”) and New Mountain Funds (“NMC”), which will the two retain substantial investments in the put together organization. Adhering to the close of the transaction, H&F, Vestar and NMC will each individual have illustration on the merged company’s board of directors. Kirk Perry will turn out to be CEO of the put together organization and serve on the board. NPD Govt Chairman Tod Johnson will be chairman of the merged firm’s board, and Karyn Schoenbart also will be a part of the board. Jeff Ansell, recent chairman of IRI’s board, will carry on on the mixed firm’s board as very well. Johnson and Schoenbart will continue to guide NPD until eventually closing and will remain buyers in the mixed firm.
Evercore, Goldman Sachs & Co. LLC and Guggenheim Securities LLC are serving as financial advisors to IRI, and Kirkland & Ellis LLP is serving as lawful counsel. Jefferies Team LLC is serving as exclusive monetary advisor to NPD and H&F, and Simpson Thacher & Bartlett LLP is serving as lawful counsel. Kramer Levin is serving as authorized counsel to Johnson and Schoenbart.
IRI unifies know-how, analytics and details to reinvent how men and women and corporations make conclusions, just take action and optimize functionality. With the premier repository of obtain, media, social, causal and loyalty knowledge, all built-in into an on-need, cloud-dependent technology platform, IRI helps to guidebook its far more than 5,000 clients about the entire world in their quests to capture sector share, link with consumers, collaborate with important constituents and produce industry-top growth. For far more facts, go to www.iriworldwide.com.
About The NPD Team
NPD delivers facts, market abilities and prescriptive analytics to assistance shoppers grow their businesses in a shifting globe. In excess of 2,000 businesses around the globe depend on NPD to support them measure, predict and enhance performance across all channels, such as brick-and-mortar, e-commerce and B2B. NPD has expert services in 19 nations around the world all over the world, with functions spanning the Americas, Europe and APAC. Observe areas include clothing, appliances, automotive, splendor, guides, B2B engineering, customer know-how, e-commerce, trend add-ons, food stuff intake, foodservice, footwear, house, juvenile goods, media entertainment, cellular, place of work provides, retail, athletics, toys and video online games. For extra information, check out www.npd.com.
About Hellman & Friedman
Hellman & Friedman is a preeminent world-wide private fairness agency with a distinct financial commitment tactic centered on large-scale fairness investments in significant-quality progress businesses. H&F seeks to lover with planet-course administration teams exactly where its deep sector expertise, prolonged-expression orientation and collaborative partnership method help firms to flourish. H&F targets excellent businesses in decide on sectors, including computer software and technologies, fiscal services, health care, client and retail, and other business enterprise expert services.
Because its founding in 1984, H&F has invested in above 100 organizations. The firm is currently investing its tenth fund, with $24.4 billion of dedicated money, and has about $90 billion in property below administration as of December 31, 2021. Learn additional about H&F’s defining expenditure philosophy and strategy to sustainable results at www.hf.com.
About Vestar Capital Companions
Vestar Capital Companions is a main U.S. center-market personal fairness firm specializing in administration buyouts and development cash investments. Vestar invests and collaborates with incumbent management groups and personal entrepreneurs to create lengthy-expression business price, with a target on Customer, Business & Technological know-how Solutions and Healthcare. Because inception in 1988, Vestar resources have invested $11 billion in 88 firms – as well as extra than 200 increase-on acquisitions – with a full price of close to $52 billion. For a lot more details on Vestar, make sure you go to www.vestarcapital.com.
About New Mountain Capital
New Mountain Money is a New York-primarily based expense agency that emphasizes company constructing and expansion, alternatively than financial debt, as it pursues very long-phrase funds appreciation. The company presently manages private equity, community equity and credit score money, with in excess of $35 billion in belongings less than administration. New Mountain seeks out what it believes to be the greatest-high-quality growth leaders in carefully chosen field sectors and then performs intensively with administration to create the benefit of these organizations. For additional data on New Mountain Funds, make sure you go to www.newmountaincapital.com.