dmg information ("dmgi"), the business information division of DMGT, has agreed to acquire the entire share capital of DIIG EUROPE for consideration of £75million, from Decision Insight Information Group ("DIIG"), a portfolio company of the US private equity firm TPG Capital.
DIIG EUROPE is the UK and Ireland's leading property searches group, primarily delivering residential and commercial property search results to legal professionals, and is based in Kent, England with additional offices in Edinburgh, Scotlandand Dublin, Ireland. DIIG EUROPE'S ("DIIG(E)") business comprises SearchFlow Limited (England & Wales,www.searchflow.co.uk), Millar & Bryce Limited (Scotland, www.millar-bryce.co.uk),Rochford Brady Legal Services Limited (Ireland, www.rochfordbrady.ie), Decision Insight Hub Limited (also known as NLIS Hub)and Decision First Limited. The acquired businesses had revenues of £69 million and operating profit of £6 million, adopting IFRS, for the year to 31 December 2012.
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