NEW YORK, September 26, 2011: Reed Elsevier announced today that it has entered into a definitive agreement to acquire the entire issued share capital of Accuity Holdings Inc. from Investcorp, a global investment firm, for a consideration of £343m (approximately $530 million) payable in cash. Accuity is a leading US provider of online subscription-based data solutions for the financial services industry which enable customers to maximize the accuracy of their banking and payment transactions, and to minimize the risk of non-compliance with government regulations in these transactions.
Morgan Lewis advised Reed Elsevier on the transaction. The deal team was led by partners Charles E. Engros and Robert Dickey, assisted by associates Andrew Mariniello, Danielle Davis and Igor Fasman.