Last checked at 2 Sep 2015 15:00
news release
Divestment of Baker Hill
2 September 2015 - Experian, the global information services company, is pleased to announce that it has signed a definitive agreement to divest Baker Hill to global private equity firm The Riverside Company for a sale price of US$100m. The transaction is subject to customary US regulatory approval.
Baker Hill provides software primarily to the regional and community banking segment in the US. While successfully established in its niche, its software suite and customer base have limited overlap with Experian Decision Analytics and as such it is peripheral to our core strategy going forward.
Brian Cassin, Chief Executive Officer said: "The sale of Baker Hill is another step in our Group strategy to focus on our larger businesses and geographies. We are pleased that Riverside will take Baker Hill into the future and wish the Baker Hill management team and employees every success."
Baker Hill's revenue for the year ended 31 March 2015 was US$31m, which was included within North America Decision Analytics.
Contact
Experian
Nadia Ridout-Jamieson | Director of Investor Relations | +44 (0)20 3042 4215 |
James Russell | Director of Corporate Communications |
Finsbury
Rollo Head | +44 (0)20 7251 3801 | ||
Jenny Davey |
| ||
About Experian
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. We also help people to check their credit report and credit score, and protect against identity theft. In 2015, we were named by Forbes magazine as one of the 'World's Most Innovative Companies'.
We employ approximately 17,000 people in 38 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2015, was US$4.8 billion.
To find out more about our company, please visit http://www.experianplc.com or watch our documentary, 'Inside Experian'.