Nielsen plans to use net proceeds of the transaction primarily to reduce debt and for general corporate purposes. On a pro-forma basis for the transaction, Nielsen expects year-end 2020 net leverage to be under 4X. The transaction is subject to approval by Nielsen shareholders, regulatory approvals, consultation with the works council and other customary closing conditions; it is expected to close in the second quarter of 2021. Across 64 cities in 39 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries.
- Nielsen Global Media provides media and advertising industries with unbiased and reliable metrics that create a shared understanding of the industry required for markets to function.
- The transaction will be submitted to Nielsen’s shareholders for their consideration.
- In connection with the proposed transaction, Nielsen will file relevant materials with the U.S.
- Delivering the most complete and the most clear consumer intelligence around the world.
- Nielsen Holdings plc announced the sale of Nielsen Global Connect to Advent on November 1, and the transaction is expected to close in the second quarter of 2021, subject to customary closing conditions.
- The fast moving consumer goods industry clocked a decline 34% in April in terms of value compared to the sales in the months of December, January and February, due to the Covid-19 led lockdown.
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Nielsen Announces Completion of Sale Of Global Connect Business to Advent International
Measuring behavior across all channels and platforms to discover what audiences love, we empower our clients with trusted intelligence that fuels action. Earlier this week Nielsen announced a deal with Roku, selling its automatic content recognition and dynamic ad insertion technology, while getting access to streaming data and wider adoption of Nielsen products via Roku’s ad sales platform. The measurement and data analytics company will report Global Connect, now NielsenIQ, as discontinued operations for all earnings periods following the sale of the business.
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While modern trade saw a value growth of 5%, value growth in the traditional trade channel dropped by 38%. The recovery is driven by traditional trade channels like kirana and neighborhood stores, the research firm said. While both urban and rural markets are recovering, rural is coming back at a faster pace, performing better than the pre-covid levels, said Prasun Basu, President — South Asia, Nielsen at Nielsen Global Connect. Large Indian consumer goods companies including Parle, Coca-Cola, ITC, Dabur and Marico said they are escalating advertising customised to rural and small town India, in response to this trend. Strategy™ uncovers and shares the “bold vision, brand new ideas” of Canada’s national marketing community.
- Finally, Vancouver property development management firm Williams Management selected Redshift to create its brand story and online client experience.
- “We test advertising, what goes on air, packaging…we can help with product formulation and we also do work in the area of brand essence.”
- Automatically integrate NielsenIQ data, proprietary data lakes, and third-party data.
The https://1investing.in/ offers data and builds tools that use predictive models to turn market observations into business decisions and winning solutions. These data and insights provide the essential foundation that makes markets possible in the rapidly evolving world of commerce. Nielsen Holdings plc announced the sale of Nielsen Global Connect to Advent on November 1, and the transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. As previously announced, Nielsen Global Connect will be renamed NielsenIQ in early 2021.
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The transaction will be submitted to Nielsen’s shareholders for their consideration. On a pro-forma basis for the transaction, Nielsen expects year-end 2020 net leverage to be approximately 4X. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
His depth of knowledge in the data and analytics space and proven ability to execute against a long-term strategy will allow the company to accelerate its ongoing business transformation and drive sustained growth,” continued Rawlinson. “We are now fully aligned around three essential solutions–Audience Measurement, Audience Outcomes and Gracenote Content Services–that are designed to drive growth by leveraging a single media platform across a global digital-first footprint,” Kenny said. Nielsen has been selling off pieces of the company to improve its balance sheet and focus on audience measurement.
Financing for the transaction is being arranged and provided by Bank of America, UBS Investment Bank, Barclays, Deutsche Bank AG New York, HSBC, RBC Capital Markets, MUFG and Wells Fargo. “This is a win for both Nielsen Global Connect and for Nielsen , as well as for our shareholders,” said Nielsen CEO David Kenny. Find additional global logins below or search for location-specific logins by region. In an ever-changing world, we’re here to help you stay ahead of what’s to come with the tools to measure, connect with, and engage your audiences.
Nielsen Completes $2.7 Billion Sale of Global Connect Business
We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry. This alliance brings together Bain & Company’s market-leading consulting expertise and Nielsen’s data analytics to help consumer goods companies better understand their customers and maximize their commercial capabilities. Bigelow brings deep finance and leadership experience to the Nielsen Global Connect organization.
‘Elvis’ Is the Most-Streamed Best Picture Oscars Nominee as Measured by Nielsen — but That Might Not Be Saying Much (EXCLUSIVE) – AOL
‘Elvis’ Is the Most-Streamed Best Picture Oscars Nominee as Measured by Nielsen — but That Might Not Be Saying Much (EXCLUSIVE).
Posted: Tue, 28 Feb 2023 21:29:03 GMT [source]
Finally, Vancouver property development management firm Williams Management selected Redshift to create its brand story and online client experience. An S&P 500 company, Nielsen has operations in over 90 countries, covering more than 90% of the world’s population. An S&P 500 company, Nielsen has operations in over 100 countries, covering more than 90% of the world’s population. Our approach marries proprietary Nielsen data with other data sources to help clients around the world understand what’s happening now, what’s happening next, and how to best act on this knowledge. The NielsenIQ Partner Network makes it simple to find the right solution for your specific business need.
Employees power our business globally
Our powerful nielsen global connect enables unparalleled connectivity across formerly disparate datasets and environments, and makes it simple to prepare, visualize, interpret, and act on insights. Peck retired as the CEO of TransUnion in May 2019 and recently ended his role as board member and advisor. Prior to TransUnion, Peck oversaw growth at LexisNexis while serving as CEO of Risk Solutions from 2004 to 2012. Peck serves on the Board of Directors of Sun Life, CCC Information Services, an Advent portfolio company, and Neoway. He received a bachelor’s degree from the University of Dayton and an M.B.A. from The Ohio State University.
Nielsen Announces Sale of Global Connect Business to Advent … – PR Newswire
Nielsen Announces Sale of Global Connect Business to Advent ….
Posted: Sun, 01 Nov 2020 07:00:00 GMT [source]
NIQ specializes in consumer insights and research, particularly in the areas of fast-moving consumer goods and retail. The company was created in 2021 when Nielsen spun off and sold its Global Connect division to Advent International; the new move further differentiates NIQ from its former parent company, best known for its audience and media measurement offering. In connection with the proposed transaction, Nielsen will file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including Nielsen’s proxy statement on Schedule 14A (the “Proxy Statement”). This communication is not a substitute for the Proxy Statement or for any other document that Nielsen may file with the SEC and send to its shareholders in connection with the proposed transaction.
Intuitive applications and visualization tools—as well as intelligent workflows—create faster decision-making for casual and power-users across organizational levels and teams. Automatically integrate NielsenIQ data, proprietary data lakes, and third-party data. And machine learning features enable analytics and easy navigation across different types of datasets.
Private equity firm Advent will acquire Nielsen’s Global Connect business in partnership with James Peck, former CEO of credit-reporting company TransUnion, according to a Nov. 1 statement. David Rawlinson will remain CEO of Nielsen Global Connect through the close of the transaction and is expected to be part of the leadership team for the go-forward company. Upon close, Peck will be involved in the day-to-day strategic and operational activities of the company, which will be headquartered in Chicago, IL. In early 2021, the Global Connect business will be renamed NielsenIQ. Advent, in partnership with former TransUnion CEO Jim Peck, will accelerate Nielsen Global Connect’s transformation and support its continued innovation in consumer and market measurement. An S&P 500 company, Nielsen offers measurement and analytics service in nearly 60 countries.
From finance and politics to tech and entertainment, these people defined global business in throughout the current year. Nielsen had, in April, projected a growth of 5-6 per cent for the industry this year revising it’s original forecast of 9-10 per cent in January. This festive season, the vital moments include shopping, nostalgia, parties, and cooking or dining with family. Spotify solutions ensure that brands do not have to spend extra on production costs.