Euromoney Institutional InvestorPLC Euromoney sells Institutional Investor journals (4981B)
January 10 2018 - 5:45AM
UK Regulatory
TIDMERM
RNS Number : 4981B
Euromoney Institutional InvestorPLC
10 January 2018
EUROMONEY INSTITUTIONAL INVESTOR PLC
ANNOUNCEMENT OF DISPOSAL
Wednesday January 10, 2018
Euromoney sells its Institutional Investor journals
Euromoney Institutional Investor PLC ("Euromoney"), the
international business information and events group, today
announces that it has sold its Institutional Investor Journals (II
Journals) business to Pageant Media.
II Journals publish original and practical analysis of global
investment and finance, with an online archive of 10,000 articles.
It is a small but influential business with 12 titles, available
both online and in print, covering various disciplines in portfolio
management and finance.
This transaction is in line with Euromoney's strategy, including
actively managing its portfolio of assets and seeking to sell
certain businesses which do not align with its strategy.
Diane Alfano, Chairman and CEO of Institutional Investor,
said:
"II Journals is a high-quality business but not our strategic
focus. We are delighted to have found in Pageant Media a new owner
which is looking to invest in the sector and to take the business
to the next stage of its growth. We wish the II Journals team and
Pageant well."
Commenting on the transaction, Charlie Kerr, CEO of Pageant
Media, said:
"The II Journals are recognised across the asset management
sector for their excellence in providing senior professional
investors and leading academics with informed and thought-provoking
technical analysis. We look forward to investing further in these
titles and are excited to begin thinking about the ways in which
the specialist knowledge exhibited in these journals can bolster
the growing information and networking services we provide to our
hedge fund, private equity, real estate and mutual fund
communities."
ENDS
For further information, please contact:
Euromoney Institutional Investor PLC
Colin Jones, Finance Director: +44 20 7779 8666
cjones@euromoneyplc.com
Christopher Fordham, Managing Director: +44-20 7779 8057 cfordham@euromoneyplc.com
Corporate Development
FTI Consulting
Charles Palmer/Emma Hall: +44 20 3727 1400
euromoney@fticonsulting.com
Pageant Media
Charlie Kerr, CEO +44 20 7832 6500 c.kerr@pageantmedia.com
Phil O'Toole, CFO +44 20 7832 6500 p.otoole@pageantmedia.com
NOTE TO EDITORS
About Euromoney
Euromoney Institutional Investor PLC is listed on the London
Stock Exchange and is a member of the FTSE 250 share index. It is
an international business-information group covering asset
management, price discovery, data & market intelligence, and
banking & finance under brands including Euromoney,
Institutional Investor, BCA Research, Ned Davis Research and Metal
Bulletin. The group also runs an extensive portfolio of events for
the telecoms, financial and commodities markets.
www.euromoneyplc.com
About Pageant Media
Pageant Media is a global independent provider of business
intelligence and insight, delivering content and events as well as
performance data and investor data to four investment management
areas: hedge funds, mutual funds, real estate and private equity.
Content and events are provided on a membership basis.
www.pageantmedia.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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