Ion Investment Group is to buy a controlling stake in Dealogic, a provider of content and software solutions to financial firms, from Carlyle Group LP and Euromoney Institutional Investor.
Euromoney Institutional Investor PLC said it is selling its minority equity stake in Dealogic for approximately $135m. Euromoney had acquired a 15.5 percent stake in Dealogic for $59.2 million in 2014. Ion Investment Group and Carlyle Group did not disclose their terms. The process is expected to complete in approximately six weeks.
Euromoney will continue to receive from Dealogic the league tables and data analytics products used in its Global Capital business.
Euromoney’s results for the year ended 30 September 2017 included £3.9m in adjusted profit before tax from Dealogic. The gross assets of Dealogic at 30 September 2017 were £551.6m.
Uk, London
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