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).
About Winsight
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.
About Informa
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.
CONTACT
Public Relations
Winsight, LLC
publicrelations@winsightmedia.com
Related Links
http://www.winsightmedia.com
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SOURCE Winsight, LLC