3rd Jul 2006 08:31
Euromoney Institutional InvestorPLC03 July 2006 EUROMONEY INSTITUTIONAL INVESTOR PLC ANNOUNCEMENT Monday July 3rd 2006 ISI Emerging Markets to acquire the assets of RussiaDeal LLC's deal informationbusiness Internet Securities, Inc. (trading as ISI Emerging Markets), a EuromoneyInstitutional Investor company, has signed an agreement to acquire substantiallyall of the assets of RussiaDeal LLC's financial deal information business basedin Moscow. RussiaDeal has developed and operates an online deal databasefocusing on the Russian, CIS and Eastern European markets, and publishes aweekly deal newsletter. The value of the deal has been capped at USD$500,000and will be financed from Euromoney's existing borrowing facility. RussiaDeal, which was founded in 2003, compiles details on financialtransactions throughout Russia and its neighbouring countries including mergersand acquisitions, equity capital markets, private equity and venture capitalactivities. The company also produces a weekly newsletter reporting on majormergers, acquisitions and other deals in the region. The customers include theleading investment banks and private equity fund management companies in Russiaand abroad. Commenting on the acquisition, James Hammond, Executive Vice President ofInternet Securities, Inc. ("ISI") said: "RussiaDeal is the acknowledged recordkeeper for transaction and deal data in Russia and the CIS. They are especiallygood at tracking important deals that escape the radar of less focusedinformation companies. ISI will leverage and integrate this data within our ISIproducts making our Emerging Market Information Service the definitive resourcefor this type of data in Russia and CIS countries." Yakov Sadchikov, founder of RussiaDeal, said: "While we are proud of thereputation RussiaDeal has built for its transaction information products, ISIhas sales, support and distribution skills beyond our capabilities. ISI will bebetter positioned to grow the business, leaving me to focus on managing theseparate Quintura visual web search business. I would like to thank all ofRussiaDeal's customers for their continuing support." Ends Note to editors: About Euromoney Institutional Investor PLC Euromoney Institutional Investor PLC is a global financial media group listed onthe London Stock Exchange. It publishes around 80 business-to-business titlesincluding Euromoney and Institutional Investor. It acquired a controllinginterest in ISI in January 1999. About ISI Emerging Markets (www.securities.com) Based in New York, Internet Securities Inc. (trading as ISI Emerging Markets)has a network of 26 offices around the globe. It delivers hard-to-getinformation on over 70 emerging markets through its flagship Emerging MarketsInformation Service (EMIS). Available through 15 language interfaces, itaggregates and produces unique content including full-text news articles,financial statements, company information, industry analyses, equity quotes,macroeconomic statistics, and market-specific information. EMIS offers powerfulsearch capabilities with in-depth, timely and comprehensive coverage, which arederived directly from more than 10,500 local and global publications. For further information, please contact: 1) Christopher Fordham, Development Director, Euromoney Institutional Investor PLC: London + 44 20 7779 8057. Email: [email protected] 2) James Hammond, Executive Vice President of ISI Emerging Markets: London +44 20 7779 8320. Email: [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ERM.LDMGT.L