Experian PLC

Regulatory Filings • Sep 2, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 8412X

Experian plc

02 September 2015

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'.

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRBGGDCGXGBGUD