(Reuters) -Britain's GlobalData ( GLDAF ) on Wednesday extended the deadline to June 11 for private equity firm ICG to make a firm takeover offer, while ending talks with KKR after failing to reach an agreement on terms.

GlobalData ( GLDAF ), headquartered in London, offers data analytics and consulting services across various sectors, including healthcare, aerospace and financial services. It has a market capitalisation of 1.52 billion pounds ($2.1 billion) as of May, according to LSEG data.

The data analytics and consulting company said in April it was in talks with funds managed by ICG and KKR for a possible cash offer, including an option for shareholders to elect for an unlisted equity alternative.

The deadline for both private equity funds to make a bid was May 28.

UK companies have seen a rise in M&A activity. A survey last November showed that private equity firms expect increased deal activity in the UK in 2025.

($1 = 0.7418 pounds)