Euromoney Agrees to £1.6 Billion Private Equity Takeover (1)

Financial news and information business Euromoney Institutional Investor Plc has agreed to sell itself to a private equity consortium for about £1.6 billion ($1.9 billion)

Euromoney investors will receive £14.61 per share from Luxembourg-based private equity manager Astorg Asset Management Sarl and British firm Epiris LLP, the companies said in a statement on Monday. Euromoney had announced the talks last month.

The deal is a 34% premium to Euromoney’s share price on June 17, the day before the discussions were disclosed. The buyout companies will separate Euromoney into two businesses, hiving off commodity pricing data business Fastmarkets to become ...