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Announced

Completed

Clarivate Analytics completed the acquisition of Decision Resources Group from Piramal for $950m.

Financials

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Transaction Value£729m
Consideration TypeContingent Deferred Consideration, Cash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales4.6x
EV/EBITDA20.21x
Share Price Premium-
One Off Charge-

Synopsis

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Clarivate Analytics, a information services and analytics company, completed the acquisition of Decision Resources Group, a provider of high-value data, analytics and insights products and services to the healthcare industry, from Piramal Enterprises for $950m. "We are excited to welcome DRG's colleagues to Clarivate and begin to roll out the many benefits of this acquisition to customers and colleagues alike. People are our only sustainable competitive advantage and both organizations are built on amazing people with deep industry, subject matter and technical expertise. We will move quickly and smoothly to integrate DRG with our Science Group. For customers, the combination of DRG's services and solutions with Clarivate's Life Sciences solutions, including Cortellis™, will help customers make smarter, faster evidence-based decisions to boost clinical and commercial success," Jerre Stead, Clarivate Executive Chairman and CEO.

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