Euromoney Institutional Investor, a financial news and information business has agreed to be acquired by private equity consortium in a deal worth around £1.6 billion, according to a report by Bloomberg.
The deal will see Euromoney shareholders receive £14.61 per share from Luxembourg-based private equity manager Astorg Asset Management and British firm Epiris, a 34% premium to Euromoney’s share price on 17 June, the day before the discussions were disclosed.
On completion the business will be split into two separate entities with Fastmarkets becoming a stand-alone unit will be owned by Astorg, while Epiris will retain the remaining Euromoney businesses.
Read more: Private Equity Wire
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