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October 2012

Transaction Background

Investis is a leading independent pan-European provider of digital corporate communications solutions for public companies, serving over 1,000 companies across Europe. The company was acquired in September 2012 in a £25m management buy-out led by Gresham Private Equity.

Based in the UK, Morningstar’s Investor Relations Services business provides online investor relations and digital communications solutions to more than 650 clients in the UK (including FTSE 100 and FTSE 250 companies) and in North America.

The acquisition of Morningstar’s Investor Relations Services business represents the first step in the acceleration of Investis’s growth strategy, which will see Gresham supporting the business in further investment in new products and services, as well as future complementary acquisitions.

Our Role

Clarity was the sole corporate finance advisor on the transaction to Investis.

Clarity advised Investis on all aspects of the transaction, including valuation, structure and deal strategy, working to a very tight timetable and ensuring an optimal outcome and successful conclusion.

Clarity led negotiations with Morningstar and was responsible for the overall management of the transaction.

“The Clarity team are rigorous and professional, but also creative and a great group of people to spend time with. They worked extremely well as part of our broader team of management and advisers; they were constructive, supportive, hard-working, and focused on getting the best end result for their client – all the things you would hope for. I enjoyed working with Clarity, have developed a huge respect for them, and would wholeheartedly recommend them.”

Justin Walters
Chief Executive, Investis

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