Informa announces acquisition of Winsight
News Provided by Winsight, LLC
May 18, 2023, 09:30 ET
CHICAGO, May 18, 2023 /PRNewswire/ -- Winsight, LLC ("Winsight" or the "Company"), a leading B2B information provider in the foodservice and allied retail industries, is to combine with London-based Informa PLC ("Informa") (LSE: INF.L), a publicly traded, global events, digital products and academic services firm. Informa acquired Winsight from HPS Investment Partners and the combination with Informa's existing B2B foodservice portfolio establishes a category-leading B2B business.
Winsight CEO Mike Wood will continue to lead the business which will become part of the Informa Connect division.
Headquartered in Chicago, Illinois, Winsight provides actionable information, market intelligence, professional events and media to the restaurant, noncommercial foodservice, convenience retailing and grocery industries. The Company offers a multi-channel portfolio of brands across research, data and analytics, events, websites, newsletters, and content marketing solutions. With nearly 3,000 customers, Winsight's solutions enable customers to measure and predict industry dynamics, drive engagement with target audiences, refine business development strategies, and create networking opportunities between buyers and sellers.
Informa currently owns established foodservice media brands and tradeshows and intends to operate Winsight brands alongside these to strengthen its position in the Restaurant and Food space. Technomic, Winsight's data and insights business, will be Informa's first insights business dedicated to foodservice. Winsight will continue to operate business as usual through 2023 and will rebrand as Informa in the new year once integration planning is complete.
Wood noted, "Our team is incredibly proud of what we've achieved since originally acquiring our founding brands in 2012. Our rapid recovery to pre-pandemic performance levels is a testament to the essential qualities of our products and services, and the caliber of our employees. We are excited to build upon this momentum as part of Informa whose global reach, existing market presence and growth minded philosophy will only allow us to do more and better for our clients".
Informa Connect CEO Andrew Mullins said, "At Informa, our purpose is to champion the specialist. This new combination of Informa's existing foodservice assets with Winsight's outstanding media, event and data assets, provides the capability to create even more market leading products and services that will better serve the needs of the foodservice industry and its customers. We are very excited to be bringing together such well respected market leading brands, and the talented teams that support them to facilitate the creation of even greater customer value and exciting new growth opportunities for all."
Winsight was advised by BrightTower (exclusive financial advisor) and Latham & Watkins LLP (legal advisor).
Winsight provides actionable information, market intelligence, professional events, and media to the global restaurant, noncommercial foodservice, convenience retailing and grocery industries. The Company offers a multi-channel portfolio of brands across research, data and analytics, events, magazines, web sites, e-newsletters, and content marketing solutions. With nearly 3,000 customers, Winsight's solutions enable customers to drive engagement with target audiences, refine business development strategies, and network within the industry. For additional information, please visit www.winsightmedia.com or www.technomic.com.
Informa is a leading international B2B markets, live and on-demand events and digital services group. They connect businesses and professionals in 30+ industries with the knowledge they need to learn more, know more and do more. Informa has hundreds of global brands, products and services and employs 11,000 employees in ~30 countries worldwide.
Informa Connect is a content-led, live and on-demand experiences business which connects professionals with knowledge, ideas and opportunities. Informa Connect, a community of over 1,000 colleagues globally, offers connection through events, media and research. They service a number of different industries including Finance, Bio Tech and Pharma, Restaurant and Food, Catering, Event Planning, Pop Culture, Marketing, Law, Energy, HR, Sustainability, Construction.
Find out more about Informa and the Informa Connect division at www.informa.com and www.informaconnect.com.
Public Relations Winsight, LLC
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