Wilmington plc concludes the sale of MiExact

Wilmington plc has sold its mortality data business, MiExact, for an enterprise value of £9.6 million, to Information Services Bidco Limited.

The business will continue to be run by the existing management team, led by Managing Director Polly Avgherinos, backed by Foundation Investment Partners.

Mark Milner, Chief Executive Officer of Wilmington, said "This sale reflects our continued and active management of our portfolio as we assess the potential of each business to exhibit the six common Wilmington characteristics that we recognise as key drivers of organic revenue growth and profitability improvement."