Euromoney sells EIC to Broadfern

A FUSION DEAL
Completed in September 2007

Fusion Corporate Partners is pleased to announce the sale of Euromoney Institutional Investor Plc owned Energy Information Centre Ltd to Broadfern Partners for a total consideration of £4.7M.

EIC is the leader in the provision of wholesale and retail market intelligence, outsourced procurement and risk management strategies to the oil & gas, electricity and water industries. EIC was acquired by Euromoney as part of its acquisition of Metal Bulletin Plc in 2006, and although it is a strongly performing business it is not a close fit with Euromoney’s current portfolio and long term strategy.

Fusion has a long relationship with Euromoney, having been involved a number of transactions with them over the years, and we are pleased to have completed a successful divestiture which will also give a boost to a strong business.

Mark Eisenstadt meisenstadt@fusioncorp.co.uk  led the deal for Fusion.   Fusion acted exclusively for Euromoney.

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