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Announced
Completed
Synopsis
Private equity firm Bolster Investment Partners completed the acquisition of a 42% stake in Infoplaza, a provider of weather forecasts and related content through various media and platforms. Financial terms were not disclosed. "Due to the immediate connection between Bolster and Infoplaza and by communicating openly and transparently, we were able to complete this combined transaction in these challenging times. The logic of merging these two distinctive companies was immediately clear to all parties involved. In addition, we expect that the demand for accurate weather forecasts and related advice will increase further. Infoplaza knows how to translate these forecasts into powerful tools that are crucial for business operations of organizations where weather impact is significant, like ProRail or Mojo Concerts. With our long-term investment horizon and focus on market leaders in an attractive niche, this is an investment that suits us perfectly," Mark van Rijn, Bolster Partner.
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