Euromoney rakes in more than double its cash on sale of content and analytics platform Dealogic

Private equity giant Carlyle Group and financial media firm Euromoney Institutional Investor have sold a controlling stake in content and analytics platform Dealogic, generating a hefty return. Although Carlyle did not reveal the details of the deal, Euromoney said it will receive around $135m for its 15.5 per cent stake – more than double the $59.2m it paid in 2014.

Dublin-based fintech firm Ion Investment Group will now hold a majority stake, while Carlyle and Dealogic’s management will retain a “significant” interest.

Euromoney’s chief executive, Andrew Rashbass, said the sale was in line with the company’s strategy of “selling businesses which do not align with its strategy and recycling that capital to invest in our main investment themes like price discovery, post trade activities, asset management and telecoms”.

For the full story read City AM and for the press release click here

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