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
