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Financial publishing firm Euromoney Institutional Investor said on Friday it had cleared the regulatory and antitrust hurdles needed to complete its £1.6bn takeover by Becketts Bidco.
Bosses at financial publishing firm Euromoney announced that they had agreed to a £1.66bn takeover deal today from a consortium of investors led by Becketts Bidco today, setting in motion the likely breakup of the group.
The board of Euromoney Institutional Investor PLC confirmed today that Astorg Asset Management S.àr.l and Epiris LLP (the Consortium) approached it with a possible all-cash offer of £1.6bn at £14.61 per share. This is the fifth time Euromoney has been approached by the two private equity firms, following possible all-cash offers of £11.75, £12.50, £13.10 and [...]
Financial data firm Euromoney today said it has acquired networking platform Relationship Science in a deal worth $7.4m (£5.2m). The London-listed company said the bolt-on deal would add further scale to its growing people intelligence business and bring further value to clients. Relationship Science provides relationship-mapping services, giving users data on how two different businesses [...]
B2B information provider Euromoney Institutional Investor saw subscriptions grow this year but took a hit to both its revenue and profits as social distancing foiled events. Revenue fell by 17 per cent to £155.5m from £186.3m last year, due to social distancing measures fumbling physical event plans, in the six months to 31 March. “The [...]
Financial information company Euromoney has suffered lower first quarter revenues as its events business was hit by lockdowns, the company revealed today. Euromoney’s quarterly revenue fell to £78.7m, a 20 per cent drop from the £99.2m reported a year earlier. Group events revenue of £8.6m was just 30 per cent of the same period last [...]
Complex things afoot in the world of financial analytics: Euromoney has announced it is acquiring a 15.5 per cent stake in a new company incorporated by US buyout firm Carlyle Group to buy Dealogic, the financial software company. This morning Dealogic put out a statement saying it was recommending a $700m (£440m) offer from [...]
Shares in Euromoney rose 0.5 per cent to £10.30 this morning, as investors showed resilience to a £5m fall in year-on-year profits. In its pre-close trading update for the full year to 30 September, the online information and events group said most of the decline occurred during the second half and was the result [...]
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