A group of private equity investors led by Evergreen Coast Capital Corp, an affiliate of Elliott Investment Management, and Brookfield Business Partners has completed the acquisition of US-based information, data and market measurement firm Nielsen Holdings in a $16 billion all-cash deal.
Nielsen shareholders will receive $28 per Nielsen share in cash in accordance with the terms of the transaction. With the completion of the transaction, Nielsen’s shares will no longer trade on the New York Stock Exchange beginning 12 Oct, 2022.
Elliott has owned a stake in Nielsen since 2018 and was critical about its financial performance in 2020. Pressure from Elliott led to Nielsen cutting costs and selling its Global Connect business for $2.7 billion in 2021.
Read more: Private Equity Wire
