Shareholders of Euromoney Institutional Investor have voted in favour of a bid by Becketts Bidco, a consortium of Luxembourg-based private equity firm Astorg Asset Management and London-based private equity firm Epiris to acquire the business, according to a report by Private Equity Insights.
In the end, 415 scheme shareholders voted in favour while 34 voted against representing a 92% majority, while in the general meeting 66,247,589 shares voted in favour and 7,371,449 voted against, a majority of 90%.
Euromoney had accepted a 1.61bn takeover bid from Becketts Bidco back in July. Becketts Bidco is a consortium of Luxembourg-based private equity firm Astorg Asset Management and London-based private equity firm Epiris LLP.
Read more: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.