Circana (formerly known as IRI, Information Resources Inc.)

3d render of blue rounded financial chart

~£12m

Direct investment

IRI announced a merger with NPD (a portfolio company of Hellman & Friedman) in Q1 FY23 generating a strong return on invested capital for ICGT

Key Stats

  • ~£12 million total investment in FY18 (year to 31 January 2018)
  • Direct investment originated and managed by third-party manager New Mountain
  • Circana is a provider of mission-critical data and predictive analytics to consumer packaged goods manufacturers via an industry-leading data management platform
Exit agreed in the quarter to 30 April 2022

Our original investment thesis

Mission critical

Provider of mission-critical data and predictive analytics to consumer goods manufacturers.

Strong competitive position

Market leader in a space with high barriers to entry.

Well invested technological infrastructure

Industry-leading data management platform.

Visibility on future growth

Maturing market of retail data supply contracts.

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