PE Tech Report


Like this article?

Sign up to our free newsletter

Astorg and Epiris lead £1.6bn Euromoney takeover

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. 

London-based Euromoney sells subscriptions to financial professionals and also runs events, a business line which rivals like Informa Plc are seeing bounce back as global pandemic restrictions lift. 

Like this article? Sign up to our free newsletter