18th Dec 2014 09:45
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; [email protected]
Christopher Fordham, Managing Director: +44 20 7779 8998; [email protected]
Colin Jones, Finance Director: +44 20 7779 8666; [email protected]
FTI Consulting
Charles Palmer: +44 20 7269 7180; [email protected]
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.
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