Euromoney Institutional Investor Agrees To Acquire BoardEx And The Deal For $87.3M

The agreement is expected to be earnings-accretive for the company in its current financial year

Euromoney Institutional Investor (ERM.L) has agreed to acquire 100% of The Deal LLC’s equity, comprising BoardEx and The Deal, from its parent company, TheStreet, for a total cash consideration of $87.3m.

BoardEx is an executive profiling and relationship mapping platform which provides users with profiles of business leaders. The Deal is also a source of data, news and intelligence on mergers, acquisitions, activist investing, private equity and restructuring.

BoardEx is an executive profiling and relationship mapping platform which provides users with profiles of business leaders. The Deal is also a source of data, news and intelligence on mergers, acquisitions, activist investing, private equity and restructuring.

The acquisition is expected during the first quarter of 2019 and is subject to the approval of TheStreet’s shareholders and other customary closing conditions.

Andrew Rashbass, Euromoney’s CEO, said: “I am excited by the acquisition of BoardEx and The Deal, which brings two additional high-quality assets into Euromoney’s portfolio and supports our transition towards a next generation 3.0 business model. The businesses are perfectly placed to grow further under Euromoney ownership, with the group’s existing data expected to enhance the BoardEx platform.”

Disclaimer: Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing ...

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