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Company Announcements

Euromoney: Acquisition and disposal

RNS Number : 1618A
Euromoney Institutional InvestorPLC
18 December 2014
 



EUROMONEY INSTITUTIONAL INVESTOR PLC

                             

RNS Announcement

December 18, 2014

 

Euromoney Institutional Investor PLC completes Dealogic transaction

 

Further to its announcement on November 5, 2014, Euromoney Institutional Investor PLC ("Euromoney"), the international online information and events group, confirms that it has completed the acquisition of a 15.5% equity stake in a company ("New Dealogic") incorporated by The Carlyle Group ("Carlyle") to acquire Dealogic Holdings plc ("Dealogic") alongside Carlyle and Dealogic's founders.  Euromoney's investment in New Dealogic has been funded through the sale to New Dealogic of its interests in two businesses, Capital DATA and Capital NET, which Dealogic and Euromoney had operated jointly since the 1980s. This transaction takes effect from December 18.

 

Dealogic (www.dealogic.com) is a data platform primarily used by global and regional investment banks worldwide to help optimise performance and improve competitiveness.  It provides data and analytics, market intelligence and capital markets software solutions to investment banks to help them manage their workflows, assist with deal origination and execution, and optimise productivity across their equity capital markets, fixed income, investment banking and research, sales and trading businesses.

 

This investment fits Euromoney's strategy of expanding the scope of its activities in the global financial information and analytics sector. Dealogic, with its strong brand and global adoption levels among the investment banks in the US, EMEA and Asia-Pacific, offers Euromoney attractive strategic and financial upside.

 

Ends

 

For further information, please contact:

 

Euromoney Institutional Investor PLC

Richard Ensor, Chairman:                                 +44 20 7779 8845; rensor@euromoneyplc.com 

Christopher Fordham, Managing Director:       +44 20 7779 8998; cfordham@euromoneyplc.com 

Colin Jones, Finance Director:                          +44 20 7779 8666; cjones@euromoneyplc.com

 

FTI Consulting

Charles Palmer:                                                +44 20 7269 7180; charles.palmer@fticonsulting.com



 

NOTE TO EDITORS

Euromoney Institutional Investor PLC (www.euromoneyplc.com) is listed on the London Stock Exchange and is a member of the FTSE 250 share index.  It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors.  It owns more than 70 brands including Euromoney, Institutional Investor and Metal Bulletin, and is a leading provider of economic and investment research and data under brands including BCA Research, Ned Davis Research, and the emerging market information providers, EMIS and CEIC.  It also runs an extensive portfolio of conferences, seminars and training courses for the financial and commodities markets.  The group's main offices are in London, New York, Montreal and Hong Kong and more than a third of its revenues are derived from emerging markets.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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