Like Arete Consulting, Ltd.

announced 8/9/2010 via Company Press Release

Euromoney Institutional Investor PLC, will acquire Arete Consulting, Ltd.

synopsis: Euromoney Institutional Investor PLC, the international publishing, events and electronic information group, has agreed to acquire Arete Consulting Limited, the world’s leading database of retail structured investment products. The acquisition is in line with Euromoney’s strategy of investing in high-growth online subscription data businesses.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor PLC is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 titles, including Euromoney, Institutional Investor, and Metal Bulletin. "
target: Arete Consulting, Ltd.
Arete Consulting is a specialist firm providing consultancy and training services to large multinational financial service companies. Arete Consulting also owns and runs the website StructuredRetailProducts.com, the leading online information source for the structured products market.
price ($mm)
$9.79
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closed 10/27/2017 via PR Newswire

Genstar Capital LLC, acquired Institutional Shareholder Services

synopsis: Institutional Shareholder Services Inc., a leading provider of corporate governance and responsible investment solutions to financial market participants, announced that Genstar Capital has completed the acquisition of ISS from Vestar Capital Partners, a leading U.S. middle-market private equity firm.
buyer: Genstar Capital LLC
Genstar Capital is a leading private equity firm that has been actively investing in high quality companies for nearly 30 years. Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. "
target parent: Vestar Capital Partners
target: Institutional Shareholder Services
Institutional Shareholder Services Inc. (ISS) is the world’s leading provider of corporate governance and responsible investment (RI) solutions for asset owners, asset managers, hedge funds, and asset service providers.
price ($mm)
$720
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closed 4/30/2014 via BusinessWire

Vestar Capital Partners, acquired Institutional Shareholder Services

synopsis: Institutional Shareholder Services Inc. ("ISS"), a leading provider of corporate governance solutions to the global financial community, has been acquired by Vestar Capital Partners. ISS provides proxy research, voting services and corporate governance advisory services to financial institutions and corporations worldwide.
buyer: Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value. "
target parent: MSCI Inc.
target: Institutional Shareholder Services
Institutional Shareholder Services ("ISS") is the world's leading provider of corporate governance and proxy voting solutions. ISS provides proxy research, voting services and corporate governance advisory services to financial institutions and corporations worldwide.
price ($mm)
$367
rev ($mm)
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closed 12/19/2011 via GlobeNewswire

The NASDAQ OMX Group, Inc., acquired RapiData LLC

synopsis: The NASDAQ OMX Group, Inc. has acquired the business of RapiData, a provider of machine-readable economic news to trading firms and financial institutions. With this acquisition, NASDAQ OMX will deliver U.S. government and other economic news directly from the source to customers interested in receiving information in an electronic feed.
buyer: The NASDAQ OMX Group, Inc. (NasdaqGS:NDAQ:$4,199.00)
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. "
target parent: Investcorp
target: RapiData LLC
RapiData LLC is a premier provider of key economic data to today's most sophisticated and time-sensitive market participants. Unlike its competitors, RapiData is a boutique firm with one product - RapiData, and it is focused on staying cutting-edge in order to maintain an edge for its clients.
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cancelled 11/9/2010 via BNC Analysis

Kensington Leasing, Ltd., cancelled an acquisition of WealthMakers, Ltd.

synopsis: Kensington Leasing, Ltd. cancelled the acquisition of Wealthmakers Ltd.
buyer: Kensington Leasing, Ltd. (KNSL:$0.00)
Kensington Leasing, Ltd. is a development stage company and intends to lease specialized computer equipment and provide support services for professionals. The company was incorporated in 2008 and is based in Redlands, California. "
target: WealthMakers, Ltd.
WealthMakers is a web-based predictive research technology company that connects to automated trading platforms for stocks, indexes, bonds, options, commodities and currencies and can trade in up to 80 markets around the world in a single universal account provided by a leading online broker.
price ($mm)
$16
rev ($mm)
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closed 1/11/2007 via BusinessWire

RiskMetrics Group, Inc., acquired Institutional Shareholder Services

synopsis: RiskMetrics Group, the leading financial risk management firm, has completed its acquisition of Institutional Shareholder Services Inc.. ISS is the world’s leading provider of corporate governance and proxy voting solutions to the institutional investor community. Financial terms of the deal were not disclosed.
buyer parent: Spectrum Equity Investors
buyer: RiskMetrics Group, Inc.
RiskMetrics provides expertise to the financial community through a broad range of research, analytics, data and other products and services. Formerly a division of JP Morgan, RiskMetrics Group became an independent company in 1998. "
target: Institutional Shareholder Services
ISS is the world's leading provider of corporate governance and proxy voting solutions. ISS provides proxy research, voting services and corporate governance advisory services to financial institutions and corporations worldwide.
price ($mm)
$553
rev ($mm)
$105
EBITDA ($mm)
$29
EV / rev
5.3x
EV / EBITDA
19.1x
closed 11/1/2019 via BusinessWire

Morgan Group Holding Co., acquired G.research, LLC

synopsis: Morgan Group Holding Co. announced the completion of its acquisition of G.research, LLC, a wholly owned subsidiary of Associated Capital Group. G.Research is an institutional research and brokerage firm. They publish on approximately 250 companies globally with an emphasis on small & mid-cap ideas.
buyer: Morgan Group Holding Co. (OTCPK:MGHL:$0.00)
Morgan Group Holding Company is a publicly traded fully reporting holding company with no operating businesses. They are actively pursuing business opportunities primarily in, but not limited to, the US manufacturing sector with EBITDA of $5-$20 million. "
target parent: Associated Capital Group
target: G.research, LLC
G.Research is an institutional research and brokerage firm. They publish on approximately 250 companies globally with an emphasis on small & mid-cap ideas.
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closed 5/13/2019 via BusinessWire

Liquidnet, Inc., acquired RSRCHXchange

synopsis: Liquidnet announced that it has acquired RSRCHXchange, a leading marketplace and aggregator for institutional research. RSRCHXchange’s research marketplace and distribution network digitizes massive amounts of content and provides a centralized, cloud-based hub that allows providers to deliver research, and asset managers to efficiently source it.
buyer: Liquidnet, Inc.
Liquidnet is a technology-driven, global institutional investment network. Liquidnet's network spans 46 markets across six continents and connects institutional brokers, investment banks, exchanges, alternative trading venues, and data and research providers. "
target: RSRCHXchange
RSRCHXchange is the award-winning marketplace and aggregator for institutional research. The RSRCHX platform enables asset management firms to read, purchase and monitor research and analyst interactions from banks, brokers & boutique providers in a more efficient and transparent way.
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announced 12/15/2014 via PR Newswire

Trading Central SA, will acquire Recognia

synopsis: Trading Central, a global leader in technical analysis research, announced it has entered into a definitive agreement to acquire Recognia Inc., a global leader in automated quantitative analysis and engagement solutions. The transaction enables Recognia and Trading Central to create a global leader in technical and quantitative analysis solutions.
buyer: Trading Central SA
Trading Central is a leading investment research provider to financial market professionals. Their technical strategies cover equity, index, fixed-income, forex and commodities markets. "
target: Recognia
Recognia is a global leader in automated quantitative analysis and engagement solutions for retail online brokers and institutions and their 20+ million investors and traders. Recognia’s product suite increases user engagement by offering dynamic and action-oriented trading ideas.
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announced 5/10/2016 via BusinessWire

Leucadia National Corp, will acquire Majestic Research, LLC

synopsis: Leucadia National Corporation announced that it has entered into a definitive agreement to acquire ITG Investment Research, LLC (formerly known as Majestic Research) from Investment Technology Group (“ITG”). ITG Investment Research is a leading provider of big data analytics and research to institutional, corporate, and private equity clients.
buyer: Leucadia National Corp (LUK:$10,512.84)
Leucadia National Corporation is a financial services holding company principally engaged in providing commercial and personal property and casualty insurance, banking and lending services; manufacture of plastic netting; own and operate gold mines; provide real estate investment trust services. "
target parent: Investment Technology Group, Inc.
target: Majestic Research, LLC
Since its inception in 2002, Majestic Research has revolutionized the financial research business with their innovative proprietary methods and tools for accessing real-time data.
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closed 9/30/2014 via PR Newswire

Leeds Equity Partners, acquired Covenant Review

synopsis: Leeds Equity Partners, LLC, announced that it has made an equity investment in Covenant Review, LLC. Covenant Review provides institutional investors and other bond and loan market participants with unparalleled understanding of the legal documentation governing their securities investments.
buyer: Leeds Equity Partners
Leeds Equity Partners is a private equity firm focused on investments in the education, training and information and business services industries (the "Knowledge Industries"). Leeds Equity has deployed over $2.6 billion of capital in investments across the knowledge sector spectrum. "
target: Covenant Review
Covenant Review, LLC conducts research on corporate bond covenants. It maintains a proprietary database of research reports on bond covenants. The company caters to mutual funds, insurance companies, pension funds, hedge funds, and institutional asset managers.
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closed 9/23/2013 via BusinessWire

FXCM Inc., acquired Faros Trading LLC

synopsis: FXCM Inc., a leading online provider of foreign exchange, or FX, trading and related services worldwide, announced that it has acquired a 50.1% controlling interest in Faros Trading LLC. Faros Trading is a global leader in foreign exchange intelligence, market coverage, and execution services to the institutional foreign exchange market.
buyer: FXCM Inc. (GLBR:$417.32)
FXCM Inc. is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers worldwide. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. "
target: Faros Trading LLC
Faros Trading is the global leader in foreign exchange intelligence, market coverage, and execution services. Their clients are hedge funds, real money investors, reserve managers, corporations, and family offices.
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closed 5/31/2011 via PR Newswire

Ticonderoga Securities, LLC., acquired Soleil Securities Corporation

synopsis: Ticonderoga Securities LLC announced that it has completed its acquisition of Soleil Securities Corporation, an institutional research, sales and trading firm that provides a wide array of services to the asset management community.
buyer: Ticonderoga Securities, LLC.
Ticonderoga Securities specializes in US domestic equity trading, equity research, equity derivative execution and research, international market making and risk arbitrage. "
target: Soleil Securities Corporation
Soleil Securities Corporation is an institutional research, sales and trading firm that provides a wide array of services to the asset management community. Soleil provides equity research on over 200 stocks and also provides macro-economic and Washington policy research.
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closed 10/25/2010 via PR Newswire

Investment Technology Group, Inc., acquired Majestic Research, LLC

synopsis: Investment Technology Group, Inc., a leading agency broker and financial technology firm, announced that it has acquired Majestic Research Corp., an independent provider of data-driven equity research for the institutional investment community. Going forward, Majestic will be known as ITG Investment Research.
buyer: Investment Technology Group, Inc. (ITG:$505.52)
Investment Technology Group, Inc.(ITG), is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. ITG is a leader in electronic trading since launching the POSIT® crossing network in 1987. "
target: Majestic Research, LLC
Since its inception in 2002, Majestic Research has revolutionized the financial research business with our innovative proprietary methods and tools for accessing real-time data.
price ($mm)
$53
rev ($mm)
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announced 9/14/2016 via BNC Analysis

IRESS Market Technology Limited, will acquire INET BFA

synopsis: IRESS, a principal supplier of sophisticated share market and wealth management systems, is acquiring INET BFA, Africa’s leading provider of financial data feeds and analysis tools. They cover African and global share prices, as well as company information including annual reports, financial statements and more.
buyer: IRESS Market Technology Limited (ASX:IRE:$324.32)
IRESS is a principal supplier of sophisticated share market and wealth management systems around the world. Innovative and extensive, IRESS solutions deliver streamlined data and workflow to financial markets and wealth management professionals. "
target parent: Naspers Ltd.
target: INET BFA
INET BFA is Africa’s leading provider of financial data feeds and analysis tools. They cover African and global share prices, as well as company information including annual reports, financial statements and more.
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closed 5/4/2015 via PE Hub

Asset International, Inc., acquired Intelligent Financial Systems

synopsis: Asset International, Inc., a leading provider of data, information and marketing solutions to the global asset management industry, has acquired Intelligent Financial Systems, a London-based provider of financial market data research and trade execution quality analysis to banks, brokers, asset managers and trading venues.
buyer parent: Genstar Capital LLC
buyer: Asset International, Inc.
Asset International (AI) provides critical data, business intelligence, and information services to the global investment management industry. AI delivers proprietary data and analytics, as well as marketing solutions that target global asset managers. "
target: Intelligent Financial Systems
Intelligent Financial Systems is a London based software company providing a range of real time and historical market data analysis services. They offer a suite of services focused on analysing execution quality, transaction costs analysis and pre-trade cost prediction for Europe’s equity markets.
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announced 6/20/2016 via BusinessWire

Markit Group Ltd., will acquire Prism Valuation

synopsis: Markit, a leading global provider of financial information services, announced that it has agreed to acquire Prism Valuation a leading provider of independent valuation and risk analysis of derivatives and structured products.
buyer: Markit Group Ltd. (MRKT:$1,129.70)
Markit is a leading global provider of financial information services. They provide products that enhance transparency, reduce risk and improve operational efficiency. Their customers include banks, hedge funds, asset managers, central banks, regulators, auditors and insurance companies. "
target: Prism Valuation
Prism Valuation Corp. is a leading provider of independent valuations and risk analysis services for OTC derivatives and structured products to financial institutions. Founded in 2006, Prism Valuation is headquartered in Toronto with 38 employees and offices in London and Melbourne.
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closed 6/8/2011 via PR Newswire

Investment Technology Group, Inc., acquired Ross Smith Energy Group

synopsis: ITG Inc., a leading agency research broker and financial technology firm, announced that it has acquired Ross Smith Energy Group ("RSEG"), an independent provider of research on the oil and gas industry. RSEG will be rebranded as ITG Investment Research and the research offering will be an integrated part of the ITG platform.
buyer: Investment Technology Group, Inc. (ITG:$505.52)
Investment Technology Group is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. It delivers high quality institutional liquidity, execution services, analytical tools, and proprietary research insights. "
target: Ross Smith Energy Group
The Ross Smith Energy Group provides insight that supports better investment decisions. Their investor clients include those sophisticated in energy, new to energy, long-only, long-and-short, buy-and-hold, hedge funds, equity, debt and asset owners.
price ($mm)
$39
rev ($mm)
$15
EBITDA ($mm)
EV / rev
2.6x
EV / EBITDA
announced 9/30/2016 via Reuters

IG Group Holdings Plc, will acquire DailyFX.com

synopsis: IG Group, an online trading company, said it had agreed to buy news and research portal DailyFX and its associated assets from FXCM Inc, a U.S. retail broker. Upon completion, the DailyFX business along with its web domains, source code, content and 34 employees will be transferred to IG Group. The deal is expected to close by the end of October.
buyer: IG Group Holdings Plc (LSE:IGG:$625.12)
IG Group Holdings plc is a world leader in financial derivatives trading and sports betting. They are the parent company of IG Index - the UK's largest and longest-running spread betting business – and offer sports and financial products to retail and professional clients. "
target parent: FXCM Inc.
target: DailyFX.com
DailyFX.com, the free news and research website of FXCM, is one of the world's leading news sources for the currency trading community. DailyFX provides analysis of market moves, explaining economic, political, and technical factors driving the market.
price ($mm)
$36
rev ($mm)
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closed 8/4/2011 via Market Wire

Sabrient Systems, LLC, purchased Qualitative Research Unit from Gradient Analytics

synopsis: Sabrient Systems announces the acquisition of selected assets of Gradient Analytics, including the use of the brand "Gradient Analytics." The business unit acquired by Sabrient will deliver analyst-driven research and services via Earnings Quality Analytics, Equity Incentive Analytics, Gradient International and Gradient Consulting.
buyer: Sabrient Systems, LLC
Sabrient Systems, LLC is an independent equity research firm that specializes in custom strategies using quantitative modeling to rank stocks for Alpha generation, risk measurement and creation of unique indexes tracked by exchange-traded funds (ETFs). "
seller: Gradient Analytics
Gradient Analytics, Inc. is an independent research firm providing analyst-written research work on Global Equities (Earnings Quality Analytics, Equity Incentive Analytics and Gradient International) and Consulting services for institutional clients.
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announced 8/9/2010 via Company Press Release

Euromoney Institutional Investor PLC, will acquire Arete Consulting, Ltd.

synopsis: Euromoney Institutional Investor PLC, the international publishing, events and electronic information group, has agreed to acquire Arete Consulting Limited, the world’s leading database of retail structured investment products. The acquisition is in line with Euromoney’s strategy of investing in high-growth online subscription data businesses.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor PLC is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 titles, including Euromoney, Institutional Investor, and Metal Bulletin. "
target: Arete Consulting, Ltd.
Arete Consulting is a specialist firm providing consultancy and training services to large multinational financial service companies. Arete Consulting also owns and runs the website StructuredRetailProducts.com, the leading online information source for the structured products market.
price ($mm)
$9.79
rev ($mm)
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closed 11/25/2019 via BNC Analysis

Euromoney Institutional Investor PLC, acquired Wealth-X

synopsis: Publishing and events company Euromoney Institutional Investor PLC has bought data provider Wealth-X Pte Ltd. Wealth-X is the leading global wealth information and insight business, partnering with prestige brands across the financial services, luxury, not-for-profit and higher education industries.
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor PLC is a business information group and a member of the FTSE 250 share index. Euromoney’s group of businesses covers asset management, price discovery, data and market intelligence, under brands including, Euromoney, Institutional Investor, BCA Research, and more. "
target: Wealth-X
Wealth-X is the leading global wealth information and insight business, partnering with prestige brands across the financial services, luxury, not-for-profit and higher education industries.
price ($mm)
$20
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announced 12/19/2018 via Company Press Release

Euromoney Institutional Investor PLC, will acquire The Deal LLC

synopsis: Euromoney Institutional Investor PLC agreed to buy the institutional units of TheStreet Inc. (TST) which comprise The Deal, which was founded in 1999 by the late Bruce Wasserstein, and relationship mapping service BoardEx. The Deal is a trusted source of data, news and intelligence on mergers and acquisitions.
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor PLC is an international business-information group covering asset management, price discovery, data & market intelligence, and banking & finance under brands including Euromoney, Institutional Investor, BCA Research, Ned Davis Research and Metal Bulletin. "
target parent: TheStreet, Inc.
target: The Deal LLC
The Deal is a trusted source of data, news and intelligence on mergers and acquisitions, activist investing, private equity and restructuring. BoardEx is an executive profiling and relationship mapping platform.
price ($mm)
$87
rev ($mm)
$25
EBITDA ($mm)
EV / rev
3.5x
EV / EBITDA
announced 10/3/2018 via BNC Analysis

ITE Group, Plc., will acquire Investing in African Mining Indaba

synopsis: ITE Group, an international exhibition organiser, will acquire Investing in African Mining Indaba (Mining Indaba) from Euromoney Institutional Investor plc, an international business-information group. Mining Indaba is an annual professional conference dedicated to the capitalisation and development of mining interests in Africa.
buyer: ITE Group, Plc. (LSE:ITE:$207.68)
ITE Group plc is one of the world’s leading organisers of international trade exhibitions and conferences and specialise in producing events in growing and developing markets. ITE Group organises around 240 exhibitions and conferences each year. "
target parent: Euromoney Institutional Investor PLC
target: Investing in African Mining Indaba
Investing in African Mining Indaba is an annual professional conference dedicated to the capitalisation and development of mining interests in Africa. Investing in African Mining Indaba is the world’s largest mining investment conference, and the world’s third largest mining conference.
price ($mm)
$39
rev ($mm)
$9
EBITDA ($mm)
$5
EV / rev
4.2x
EV / EBITDA
8.1x
closed 8/2/2018 via PR Newswire

RISI, Inc., acquired Random Lengths Publications

synopsis: RISI, Inc., a leading information provider for the global forest products industry, announced that its parent company, Euromoney Institutional Investor PLC, has acquired Random Lengths, a leading price reporting agency ("PRA") for the wood products industry. Random Lengths provides unbiased and consistent price assessments and market reporting.
buyer parent: Euromoney Institutional Investor PLC
buyer: RISI, Inc.
RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, packaging, wood products, timber, biomass, tissue and nonwovens industries to help them make better decisions. "
target: Random Lengths Publications
Founded in 1944, Random Lengths provides unbiased and consistent price assessments and market reporting for the global wood products industry, with a core focus on the North American lumber and panels markets, publishing over 1,500 prices each week.
price ($mm)
$18
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closed 4/30/2018 via PE Hub

Caixin Global, CITIC Capital, purchased Global Marketing Intelligence Division from Euromoney Institutional Investor PLC

synopsis: CITIC Capital Holdings Ltd and Caixin Global have closed their buy of the Global Marketing Intelligence Division (GMID) of Euromoney Institutional Investor PLC. GMID is a top-tier international financial information database operator. Its two main units CEIC and EMIS provide global financial information and data.
buyer: CITIC Capital
buyer: Caixin Global
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. Caixin Global is one of the most respected sources of macroeconomics, finance and business intelligence about China. "
seller: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
The Global Marketing Intelligence Division (GMID) of Euromoney is a top-tier international financial information database operator. Its two main units CEIC and EMIS provide global financial information and data from the macro and micro perspectives, respectively.
price ($mm)
$181
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closed 3/8/2018 via BNC Analysis

Institutional Investor Inc., acquired Extel

synopsis: Euromoney Institutional Investor has acquired Extel from WeConvene, and it will integrate Extel into its Institutional Investor Research business. Extel runs the annual independent survey of quality across the European equities investment community, providing an unparalleled data-set to help clients analyse and drive their market understanding.
buyer parent: Euromoney Institutional Investor PLC
buyer: Institutional Investor Inc.
Institutional Investor is a leading international business to business publisher, focused primarily on international finance. It publishes magazines, newsletters and journals as well as research, directories, books and maps. "
target parent: WeConvene
target: Extel
Extel conducts market studies across all three sides of the European Equities investment community, delivering a comprehensive range of rankings, market trends and sentiment insights. The Extel Survey is the largest study of its kind worldwide, with over 16,000 participants from 93 countries.
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closed 1/10/2018 via BNC Analysis

Pageant Media, acquired Institutional Investor Journals

synopsis: Euromoney Institutional Investor PLC, the international business information and events group, announced 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.
buyer: 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. "
target parent: Euromoney Institutional Investor PLC
target: Institutional Investor Journals
Institutional Investor Journals is a boutique publisher of financial research journals and has been well-respected in the financial industry. It consists of 12 journals covering a variety of investment areas, including derivatives, fixed income, index investing, and alternative investments.
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announced 10/30/2017 via Company Press Release

Comexposium SA, will acquire Adhesion Group S.A.

synopsis: Comexposium Holding SAS, the leading French exhibitions company, announced that it has reached a binding agreement to acquire Adhesion Group S.A. from Euromoney Institutional Investor PLC. Adhesion Group is a Paris-based exhibitions business and organizer of Vinisud, the international trade fair for Mediterranean wines.
buyer: Comexposium SA
The Comexposium Group, one of the world’s leading event organizers, is involved in more than 170 B2C and B2B events across 11 different sectors, including food, agriculture, fashion, security, digital, construction, high-tech, optics and transport. "
target parent: Euromoney Institutional Investor PLC
target: Adhesion Group S.A.
Adhesion Group is a Paris-based exhibitions business. Its principal event, Vinisud, is the international trade fair for Mediterranean wines, the world’s leading wine region, and it attracts around 1,650 exhibitors from countries around the Mediterranean.
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closed 4/7/2017 via PR Newswire

Euromoney Institutional Investor PLC, acquired RISI, Inc.

synopsis: RISI, leading information provider for the global forest products industry, announced that it has been acquired by Euromoney Institutional Investor PLC, a global B2B information group. RISI's product suite includes objective pricing data, research and analytics, & custom projects for the pulp, packaging, wood products, wood fiber, & sawlog markets.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor is an international business-to-business information company focusing on the global financial community. It provides an extensive portfolio of financial and business information, investment research and macroeconomic data, delivered largely in digital format. "
target parent: Epiris LLP
target: RISI, Inc.
RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, packaging, wood products, timber, biomass, tissue and nonwovens industries to help them make better decisions.
price ($mm)
$125
rev ($mm)
$30
EBITDA ($mm)
$8
EV / rev
4.2x
EV / EBITDA
16.2x
closed 5/2/2016 via PR Newswire

Gulf Publishing Company, acquired Gulf Publishing Company

synopsis: Gulf Publishing Company, an international media and events business dedicated to the energy sector, announced the successful management buyout from its London-based parent company, Euromoney Institutional Investor PLC, an international business-to-business information company focusing on the global financial community.
buyer: Gulf Publishing Company
Gulf Publishing Company is an international media and events business dedicated to the energy sector. It produces and distributes leading trade journals, technical books, industry research, databases, software, multi-media training, publications, conferences and events. "
target parent: Daily Mail and General Trust plc
target: Gulf Publishing Company
Gulf Publishing Company is an international media and events business dedicated to the energy sector. It produces and distributes leading trade journals, technical books, industry research, databases, software, multi-media training, publications, conferences and events.
price ($mm)
$18
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announced 4/1/2016 via BNC Analysis

John Royall and Russell Denson, will acquire Petroleum Economist and Gulf Publishing

synopsis: A consortium led by John Royall and Russell Denson will acquire Petroleum Economist, Ltd., a publisher of energy and power journal, portfolio of maps and a series of books and reports, from Euromoney Institutional Investor Plc. Concurrently, the investor consortium will also acquire Gulf Publishing Company, a publisher for the oil and gas industry.
buyer: John Royall and Russell Denson
John Royall is the chief executive officer of Gulf Publishing, while Russell Denson is a media investor. "
target parent: Daily Mail and General Trust plc
target: Petroleum Economist and Gulf Publishing
Petroleum Economist's magazine and website provide invaluable information for business strategists across the global energy industry. Gulf Publishing Co. is an international media and events business dedicated to the energy sector.
price ($mm)
$18
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/19/2015 via Company Press Release

ALM Media Properties, LLC, acquired China Law & Practice

synopsis: ALM has acquired China Law & Practice from Euromoney. China Law & Practice provides accurate translations and extensive analyses of PRC laws, as well as legal and risk management resources. Its clientele consists of senior executives and in-house legal counsel, domestic Chinese companies, government organizations and leading law firms.
buyer parent: Wasserstein & Co., LP
buyer: ALM Media Properties, LLC
ALM is a global leader in specialized industry news and information. Trusted reporting delivered through innovative technology is the hallmark of ALM’s award-winning media properties. Headquartered in New York City with 18 offices worldwide, ALM brands have been serving their markets since 1843. "
target parent: Daily Mail and General Trust plc
target: China Law & Practice
China Law & Practice provides accurate translations and extensive analyses of PRC laws and is the most respected legal and risk management resource designed to help subscribers interpret changes on the ground in China.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 11/5/2014 via BNC Analysis

Carlyle Group, Euromoney Institutional Investor PLC, Randall Winn, will acquire Dealogic Limited

synopsis: The Carlyle Group with co-investors Randall Winn, co-founder and former CEO of Capital IQ, and Euromoney Institutional Investor are buying Dealogic a data and analytics provider for financial institutions. Dealogic supplies market intelligence and capital markets software to more than 500 clients, including the world's top 50 investment banks.
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
buyer: Carlyle Group (CG:$3,068.40)
buyer: Randall Winn
The Carlyle Group is a global alternative asset manager with more than $203 billion in assets under management. Randall Winn was co-founder and former CEO of Capital IQ. Euromoney Institutional Investor PLC is an international publishing, events and electronic information group. "
target: Dealogic Limited
Dealogic provides a platform for investment banking and capital markets professionals globally to help improve strategy, competitiveness, and execution. The platform incorporates technology, data, analytics and consulting to help investment banks better understand their clients.
price ($mm)
$700
rev ($mm)
$152
EBITDA ($mm)
$67
EV / rev
4.6x
EV / EBITDA
10.5x
closed 7/17/2014 via BNC Analysis

Euromoney Institutional Investor PLC, acquired Investing in African Mining Indaba

synopsis: Summit Professional Networks (Summit) announced that it completed the sale of the Investing in African Mining Indaba to Euromoney Institutional Investor PLC. Investing in African Mining Indaba is an annual professional conference dedicated to the capitalisation and development of mining interests in Africa.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor is the international publishing, events and electronic information group, delivering business information to the finance, law, energy and transport sectors. Its online store offers a full range of magazines, journals, newsletters, text books, and more. "
target parent: EOS Partners, L.P.
target: Investing in African Mining Indaba
Investing in African Mining Indaba is an annual professional conference dedicated to the capitalisation and development of mining interests in Africa. Investing in African Mining Indaba is the world’s largest mining investment conference, and the world’s third largest mining conference.
price ($mm)
$78
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/2/2014 via PE Hub

Boathouse Capital, acquired MIS Training Institute

synopsis: Boathouse Capital has partnered with the management team and employees of MIS Training Institute to acquire the US and UK operations from its former parent, Euromoney Institutional Investor. MIS Training Institute is a provider of professional education and training in the areas of internal audit, IT audit, and information security management.
buyer: Boathouse Capital
Boathouse Capital is a $120 million private equity firm that invests mezzanine debt and equity into lower middle market businesses across the U.S. Based in Wayne, PA, Boathouse Capital invests $3 million to $15 million to support companies in a variety of industries. "
target parent: Daily Mail and General Trust plc
target: MIS Training Institute
Founded in 1978, MIS Training Institute is the international leader in audit and information security training, with offices in the USA, UK, and Asia. MIS’ expertise draws on experience gained in training more than 200,000 delegates across five continents.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/16/2013 via Wall Street Journal

Euromoney Institutional Investor PLC, will acquire Infrastructure Journal

synopsis: Euromoney Institutional Investor PLC has signed a binding agreement to acquire Infrastructure Journal, a leading provider of online data, intelligence and events for the global infrastructure sector. The company provides detailed information on financial structure, policy, pricing and key players influencing transactions and trends.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor is the international publishing, events and electronic information group, delivering business information to the finance, law, energy and transport sectors. Its online store offers a full range of magazines, journals, newsletters, text books, and more. "
target parent: Apax Partners
target: Infrastructure Journal
Infrastructure Journal (IJ) gives you access to a team of experts and the largest database in the industry. By tracking projects throughout the lifecycle, IJ provides detailed information on financial structure, policy, pricing and key players influencing transactions and trends.
price ($mm)
$20
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.0x
EV / EBITDA
closed 10/2/2013 via Company Press Release

Euromoney, purchased Quantitative Techniques from HSBC

synopsis: Euromoney Institutional Investor confirmed the completion of its acquisition of HSBC's Quantitative Techniques (QT) operation. Quantitative Techniques was HSBC's purchase index calculation service and will be rebranded as Euromoney Indices.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney (LSE:ERM:$328.89)
Euromoney Institutional Investor is the international publishing, events and electronic information group, delivering business information to the finance, law, energy and transport sectors. Its online store offers a full range of magazines, journals, newsletters, text books, and more. "
seller: HSBC (LSE:HSBA:$51,666.00)
HSBC's Quantitative Techniques (QT) specializes in providing expertise and products direct to clients in the areas of Index Fund Advisory Services, HSBC Indices, Benchmarking and Custom Indices, Data Products, and Quantitative Analysis. QT’s database contains over 68,000 equities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/7/2013 via BNC Analysis

Elsevier B.V., purchased 32 books from Gulf Publishing Company

synopsis: Elsevier, a world-leading provider of scientific, technical and medical information products and services, announced that it has acquired certain book assets of Gulf Publishing Company (GPC). The portfolio of 32 books includes petroleum engineering titles in drilling, pipeline, oil and gas, and safety.
buyer parent: Reed Elsevier
buyer: Elsevier B.V.
Elsevier is a world-leading provider of scientific, technical and medical information products and services. The company works in partnership with the global science and health communities to publish more than 2,000 journals, including The Lancet and Cell, and close to 20,000 book titles. "
seller parent: Daily Mail and General Trust plc
seller: Gulf Publishing Company
The portfolio of Gulf Publishing's 32 books are for professionals in upstream oil and gas engineering and cover drilling, recovery methods, reservoir management, processing, and pipeline transmission.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/19/2013 via Reuters

Euromoney Institutional Investor PLC, acquired Centre for Investor Education

synopsis: Euromoney Institutional Investor PLC announced that it is extending its global leadership in the business of events for institutional investors and asset managers with the acquisition of a 75% stake in the Centre for Investor Education (CIE).
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor is the international publishing, events and electronic information group, delivering business information to the finance, law, energy and transport sectors. Its online store offers a full range of magazines, journals, newsletters, text books, and more. "
target: Centre for Investor Education
The Centre for Investor Education designs and delivers strategic investment forums for key decision makers within the Australian superannuation and pension fund industry globally.
price ($mm)
$15*
rev ($mm)
$4
EBITDA ($mm)
EV / rev
4.4x
EV / EBITDA
closed 3/20/2013 via Company Press Release

Euromoney Institutional Investor PLC, acquired Insider Publishing Ltd

synopsis: Insider Publishing Ltd, the premier publishing house for professionals and investors in the international (re) insurance markets, announced that it has agreed to be acquired by Euromoney Institutional Investor PLC.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor is the international publishing, events and electronic information group, delivering business information to the finance, law, energy and transport sectors. Its online store offers a full range of magazines, journals, newsletters, text books, and more. "
target: Insider Publishing Ltd
Insider Publishing Ltd's flagship title The Insurance Inside has been dedicated to supplying (re)insurance professionals, investors and advisers with high-end content on the (re)insurance industry and its relationship with the capital markets.
price ($mm)
$25
rev ($mm)
$8
EBITDA ($mm)
EV / rev
3.3x
EV / EBITDA
announced 8/9/2010 via Company Press Release

Euromoney Institutional Investor PLC, will acquire Arete Consulting, Ltd.

synopsis: Euromoney Institutional Investor PLC, the international publishing, events and electronic information group, has agreed to acquire Arete Consulting Limited, the world’s leading database of retail structured investment products. The acquisition is in line with Euromoney’s strategy of investing in high-growth online subscription data businesses.
buyer parent: Daily Mail and General Trust plc
buyer: Euromoney Institutional Investor PLC (LSE:ERM:$328.89)
Euromoney Institutional Investor PLC is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 titles, including Euromoney, Institutional Investor, and Metal Bulletin. "
target: Arete Consulting, Ltd.
Arete Consulting is a specialist firm providing consultancy and training services to large multinational financial service companies. Arete Consulting also owns and runs the website StructuredRetailProducts.com, the leading online information source for the structured products market.
price ($mm)
$9.79
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/19/2019 via Company Press Release

Newcom Media Inc., purchased Four Publications from TC Transcontinental

synopsis: Newcom Media, one of Canada’s largest B2B media companies, announced its acquisition of Investment Executive, Finance et Investissement, Advisor’s Edge, and Conseiller from TC Transcontinental, Canada’s largest printing and publishing group. The four print and digital titles focus on the Financial Services industry in Canada.
buyer: Newcom Media Inc.
Family owned and operated, Newcom Media is Canada’s premier B2B publisher delivering information and marketing services to a wide variety of industries through magazines; websites; trade shows and events. "
seller: TC Transcontinental (TSX:TCL.A:$2,308.59)
Investment Executive, Finance et Investissement, Advisor’s Edge, and Conseiller are print and digital newspapers and magazines that focus on the Financial Services industry in Canada. The titles belong to TC Transcontinental, Canada’s largest printing and publishing group.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/21/2018 via BusinessWire

Emerald Expositions Inc., purchased Technology Brands from EH Media

synopsis: Emerald Expositions Events, Inc., a leading U.S. business-to-business trade show, event and conference producer, announced the acquisition of a leading technology event and a group of complementary technology intelligence brands from EH Media.
buyer parent: Onex Corporation
buyer: Emerald Expositions Inc. (NYSE:EEX:$400.50)
Emerald Expositions is the largest operator of business-to-business trade shows in the United States by net square feet, with most of their trade shows dating back several decades. Emerald Expositions operates more than 55 trade shows, as well as numerous other events. "
seller: EH Media
EH Media has a powerful portfolio of B2C and B2B media products that reach their highly-engaged audiences. The Technology Brands from EH Media include Total Tech Summit, CEPro, Commercial Integrator, Security Sales & Integration and Campus Safety.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 2/16/2017 via PR Newswire

Gray Television, Inc., will purchase WABI and WCJB TV Stations from Diversified Communications

synopsis: Gray Television, Inc., a television broadcast company headquartered in Atlanta, Georgia, announced that it will acquire Diversified Communications's two television stations . This acquisition will add two more stations to Gray's growing portfolio: WABI (CBS/CW) in the Bangor, Maine market and WCJB (ABC/CW) in the Gainesville, Florida market.
buyer: Gray Television, Inc. (GTN:$1,084.13)
Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and operates television stations and leading digital assets in markets throughout the US. They own and operate television stations in 50 television markets broadcasting a total of 180 programming streams. "
seller: Diversified Communications
WABI and WCJB are TV stations ownd by Diversified Communications. WABI is a CBS affiliate in Bangor, Maine. WCJB is an ABC affiliate in Gainesville, Florida. Each of WABI and WCJB consistently achieves #1 ratings in all major dayparts in its market, in both households and key demos.
price ($mm)
$85
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/16/2016 via BNC Analysis

TowerBrook Capital Partners, L.P., acquired InfoPro Digital

synopsis: French private equity firm Apax Partners, along with Infopro’s management team, sold the majority interest in the company. France-based Infopro Digital works across several sectors including, construction, automotive, manufacturing, insurance and finance, retailing, tourism and local authorities.
buyer: TowerBrook Capital Partners, L.P.
TowerBrook Capital Partners L.P. is an investment management firm with approximately $4.5 billion of capital under management. With offices in New York, London and San Francisco, the firm focuses on making investments in North American and European companies. "
target parent: Apax Partners
target: InfoPro Digital
Infopro Digital is a leading French business information group. The group covers five key segments of the economy: car manufacturing, insurance and finance, retailing and tourism.
price ($mm)
rev ($mm)
$334
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
announced 10/1/2014 via BusinessWire

United Business Media Limited, will acquire Advanstar Communications Inc.

synopsis: Advanstar Communications Inc., a leading U.S. media company providing integrated marketing solutions for the Fashion, Licensing, Life Sciences, and Powersports industries, announced the signing of a definitive agreement under which UBM plc will acquire Advanstar Communications.
buyer: United Business Media Limited (LSE:UBM:$1,333.50)
UBM plc is a leading global events-led marketing services and communications company. They help organisations make connections, communicate their proposition and do business effectively. "
target parent: Veronis Suhler Stevenson
target: Advanstar Communications Inc.
Advanstar is an event and marketing services business that serves business professionals and consumers in the Fashion, Licensing, Life Sciences and Powersports industries with its portfolio of 54 trade shows, 100 conferences, 30 publications, and almost 200 electronic products and Web sites.
price ($mm)
$972
rev ($mm)
$291
EBITDA ($mm)
$83
EV / rev
3.3x
EV / EBITDA
11.7x
closed 2/13/2014 via PE Hub

Owner Resource Group, LLC, acquired Advantage Business Media

synopsis: Catalyst Investors announced the sale of Advantage Business Media (ABM) to Owner Resource Group, LLC. ABM is a full-service digital marketing and information services company providing up-to-the-minute, targeted and relevant editorial content to professionals across the science, design, manufacturing and communication markets.
buyer: Owner Resource Group, LLC
Owner Resource Group is an Austin, Texas based investment firm founded to bring superior outcomes to privately held businesses. They make investments that enable business owners and management teams to pursue their objectives and accelerate the growth of their companies in a disciplined manner. "
target parent: Catalyst Investors, L.P.
target: Advantage Business Media
Advantage Business Media is an integrated business media company with a diversified portfolio of highly focused print publications, e-newsletters, specialized directories, vertical search databases, conferences, ancillary media vehicles, and associated web-based services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/13/2013 via PR Newswire

Elsevier B.V., acquired Woodhead Publishing Limited

synopsis: Elsevier, a world-leading provider of scientific, technical and medical information products and services, has acquired Woodhead Publishing Limited, a UK-based publisher known for its high-quality content in the fields of materials science, food science, engineering, energy & environmental technology, textile technology and biomedicine.
buyer parent: Reed Elsevier
buyer: Elsevier B.V.
Elsevier is a world-leading provider of scientific, technical and medical information products and services. The company works in partnership with the global science and health communities to publish more than 2,000 journals, including The Lancet and Cell, and close to 20,000 book titles. "
target: Woodhead Publishing Limited
Woodhead Publishing Ltd. is a leading independent international publishing company. Woodhead publishes in six main subject areas: food science, technology and nutrition; materials engineering; welding and metallurgy; textile technology; environmental technology; finance, commodities and investment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/1/2009 via PR Newswire

Bloomberg L.P., acquired Business Week Group

synopsis: Bloomberg L.P., the world's most trusted source of information for businesses and professionals, has completed the acquisition of BusinessWeek from The McGraw-Hill Companies, Inc. BusinessWeek is a global source of business insight that inspires leaders to turn ideas into action.
buyer: Bloomberg L.P.
Bloomberg is the world's most trusted source of information for businesses and professionals. Bloomberg combines innovative technology with unmatched analytic, data, news, display and distribution capabilities, to deliver critical information. "
target parent: The McGraw-Hill Companies, Inc.
target: Business Week Group
The world’s most widely read business magazine, BusinessWeek is a vital resource readers worldwide who require insightful coverage and commentary to stay ahead of their competition.
price ($mm)
$5.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/9/2007 via Company Press Release

Summit Business Media, LLC, acquired Wicks Business Information, LLC

synopsis: Summit Business Media, LLC, a leading business-to-business media and information company serving the insurance, financial and professional services markets, closed its acquisition of Wicks Business Information, a publishing and professional education company serving financial services, accounting and legal professionals in North America.
buyer parent: Wind Point Partners
buyer: Summit Business Media, LLC
Summit Business Media, LLC is a business-to-business media company that serves three market groups: The Art Group, The Financial Services Group, and The Industrial Group. "
target parent: The Wicks Group of Companies, L.L.C.
target: Wicks Business Information, LLC
Wicks Business Information (WBI) is a business-to-business information company formed through a partnership of experienced publishing professionals and The Wicks Group of Companies, a private equity investment firm.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/31/2007 via BusinessWire

Veronis Suhler Stevenson, acquired Advanstar Communications Inc.

synopsis: Advanstar Holdings Corp., the holding company for Advanstar Communications Inc., a leading worldwide media company providing integrated marketing solutions, has completed the Company’s acquisition by an investor group led by Veronis Suhler Stevenson (VSS) for $1.142 billion in cash.
buyer: Veronis Suhler Stevenson
Veronis Suhler Stevenson is a private equity and mezzanine capital fund management company dedicated to investing in the media, communications, information and education industries in North America and Europe. "
target parent: Credit Suisse First Boston
target: Advanstar Communications Inc.
Advanstar Communications Inc. is a leading worldwide media company providing integrated marketing solutions for the Fashion, Life Sciences and Powersports industries.
price ($mm)[EV]
$1,137 [$1,722]
rev ($mm)
$324
EBITDA ($mm)
$86
EV / rev
5.3x
EV / EBITDA
20.1x
announced 11/27/2006 via Company Press Release

Incisive Media PLC, will acquire MSM International Limited

synopsis: Incisive Media plc, a leading provider of business information, has agreed to acquire the entire share capital of MSM International Limited for a cash consideration of £22.5m, representing £18.1m for the business and a pound for pound payment for net assets including cash.
buyer parent: Apax Partners & Co. Ventures Ltd.
buyer: Incisive Media PLC
Incisive Media is one of the world's leading B2B information providers, serving the financial and professional services markets globally. Incisive brings product provider and purchaser business communities together in print, in person and online. "
target: MSM International Limited
MSM International Ltd focuses on the financial services sector and produces a number of targeted weekly and monthly magazines, plus accompanying web sites, exhibitions, conferences and annual awards events.
price ($mm)
$44
rev ($mm)
$17
EBITDA ($mm)
EV / rev
2.6x
EV / EBITDA
closed 12/5/2019 via BNC Analysis

Tarsus Group plc, acquired Smarter Shows

synopsis: Tarsus, the global B2B media group, has announced that it has completed the acquisition of Smarter Shows; the UK-based exhibition and conference organizer. Smarter Shows has built a highly-focused portfolio of B2B supply chain exhibitions and technical conferences with a focus on the aerospace, automotive and materials industries.
buyer: Tarsus Group plc
Tarsus Group Ltd is a media group engaged in exhibitions and associated conferences, publishing, education and Internet activities. Since its formation in 1998, Tarsus has built a diverse portfolio of leading brands that span a wide range of industries and geographies. "
target: Smarter Shows
Smarter Shows has built a highly-focused portfolio of B2B supply chain exhibitions and technical conferences held in North America and Germany with a focus on the aerospace, automotive and materials industries. Events include FOAM Expo, Space Tech Expo, Ceramics Expo, and other niche events.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/22/2019 via Company Press Release

Endeavor Business Media, LLC, purchased Multiple Operating Units from PennWell Corporation

synopsis: Endeavor Business Media has announced the acquisition of a number of the former PennWell media properties from Clarion Events including titles covering the oil and gas industry, industrial technology, dentistry, and water utilities.
buyer parent: Resolute Capital Partners
buyer: Endeavor Business Media, LLC
Endeavor Business Media, LLC was formed in late 2017 to acquire and operate trade publications, websites and events. From e-newsletters to monthly magazines to live in-person events, the company provides the best opportunities for readers to stay knowledgeable and B2B advertisers to remain relevant."
seller parent: Blackstone Group LP
seller: PennWell Corporation
The multiple operating units of PennWell include titles covering the oil and gas industry, industrial technology, dentistry, and water utilities. PennWell Corporation is a highly diversified business-to-business media and conference and exhibition company.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/14/2018 via BNC Analysis

Tarsus Group plc, acquired EJ Krause de Mexico

synopsis: Tarsus Group Ltd, a business conferences and exhibitions firm, has acquired the remaining 50% stake in E.J. Krause de Mexico (EJK de Mexico, EJK Tarsus Mexico). Since 1991, EJK de Mexico has produced the most important annual exhibitions and conferences in strategic industries in Mexico.
buyer: Tarsus Group plc
Tarsus Group Ltd is a media group engaged in exhibitions and associated conferences, publishing, education and Internet activities. Since its formation in 1998, Tarsus has built a diverse portfolio of leading brands that span a wide range of industries and geographies. "
target parent: E.J. Krause & Associates, Inc.
target: EJ Krause de Mexico
E.J. Krause de Mexico (EJK de Mexico, EJK Tarsus Mexico) is joint venture between E.J. Krause & Associates and Tarsus Group plc. Since 1991, EJK de Mexico has produced the most important annual exhibitions and conferences in strategic industries in Mexico.
price ($mm)
$18*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/4/2018 via PR Newswire

Clarion Events, Ltd., acquired PennWell Corporation

synopsis: Clarion Events, one of the world's leading events organizers, announces the acquisition of PennWell Corporation, a privately-held events and business-to-business media and marketing services company. PennWell publishes over 130 print and online magazines and newsletters. They conduct 40 conferences and exhibitions on six continents.
buyer parent: Blackstone Group LP
buyer: Clarion Events, Ltd.
Clarion Events is one of the oldest independent event organizers in the UK. The teams at Clarion create uniquely effective and stimulating environments that can serve as a platform to build businesses, enhance customer relationships and accelerate product awareness. "
target: PennWell Corporation
PennWell is a highly diversified business-to-business media and conference and exhibition company that provides quality content and integrated marketing solutions. PennWell publishes over 130 print and online magazines and newsletters. They conduct 40 conferences and exhibitions on six continents.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/4/2018 via PR Newswire

Future plc, acquired NewBay Media LLC

synopsis: Future plc, the global platform for specialist media, has acquired NewBay Media LLC. NewBay is an information and events business. It has a substantial B2B portfolio operating in verticals including Electronics and Education, and TV and Audio, where it publishes Broadcasting & Cable, the leading voice of authority in the television industry.
buyer: Future plc (LSE:FUTR:$219.76)
Future plc is an international media group and leading digital publisher. The Group operates two separately managed brand-led divisions: Media and Magazine. The Group has a reach of 100m+ globally, including 62m online users and 63m social media reach. "
target: NewBay Media LLC
NewBay is an information and events business. It has a substantial B2B portfolio operating in verticals including Electronics and Education, and TV and Audio, where it publishes Broadcasting & Cable, the leading voice of authority in the television industry.
price ($mm)
$14
rev ($mm)
EBITDA ($mm)
$4
EV / rev
EV / EBITDA
4.6x
closed 10/25/2017 via PR Web

Drone World Expo merged with Commercial UAV Expo,

synopsis: Diversified Communications announced that they have acquired Drone World Expo from JD Events. Drone World Expo will merge with the Commercial UAV Expo to create the largest and most important commercial drone event in North America. Drone World Expo is the defining event for the commercial applications of unmanned aircraft system technology.
buyer parent: Diversified Communications
buyer: Commercial UAV Expo
Commercial UAV Expo is North America’s leading trade show and conference for the commercial drone market. The international Exhibition includes drone airframe manufacturers, component and sensor manufacturers, software developers and service companies. "
target parent: JD Events
target: Drone World Expo
Drone World Expo is the defining event for the commercial applications of unmanned aircraft system technology. Thought leaders, industry experts and end-users gather at Drone World Expo in the heart of Silicon Valley to present real-world solutions to business and environmental challenges.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/7/2016 via BusinessWire

Wasserstein & Co., LP, acquired Northstar Travel Group, LLC

synopsis: Wasserstein Partners acquired Northstar Travel Group, the leading provider of business-to-business information, content, events, data, research, custom content and software dedicated to the global travel and meeting industries, from the Wicks Group of Companies. Northstar owns well-known brands including Travel Weekly, TravelAge West, and others.
buyer: Wasserstein & Co., LP
Wasserstein & Co. is an independent private equity/investment firm that was founded January 2001 when the merchant banking group of Wasserstein Perella & Co., Inc., a global investment banking firm, spun out to become an independent firm upon the acquisition of Wasserstein Perella by Dresdner Bank. "
target parent: Wicks Group of Companies
target: Northstar Travel Group, LLC
Northstar Travel Group is the leading B-to-B information and marketing solutions company serving all segments of the travel industry including leisure/retail, corporate/business travel, meetings and incentives, and travel technology.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/14/2014 via PR Newswire

PennWell Corporation, acquired Revo Media Partners Limited

synopsis: PennWell Corporation, a diversified global media and information company, announced that it has acquired a 51% interest in Revo Media Partners Limited, owner of LuxLive, the UK's largest dedicated lighting event, and Lux Magazine and Lux Review, the leading trade publications in the energy efficiency lighting space.
buyer: PennWell Corporation
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions. "
target: Revo Media Partners Limited
Revo Media Partners Limited is the owner of LuxLive, the UK's largest dedicated lighting event, and Lux Magazine and Lux Review, the leading trade publications in the energy efficiency lighting space.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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InfoPro Digital

Advanstar Communications Inc.

Advantage Business Media

Woodhead Publishing Limited

Business Week Group

Wicks Business Information, LLC

Advanstar Communications Inc.

MSM International Limited

Smarter Shows

PennWell Corporation

EJ Krause de Mexico

PennWell Corporation

NewBay Media LLC

Drone World Expo

Northstar Travel Group, LLC

Revo Media Partners Limited

Geography
Matching Companies
Ticker: MORN
 
 
 
 
 
 
 
 
Morningstar, Inc.
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, and institutions.
year
2019
rev ($mm)
$1,109.30
EBITDA ($mm)
$265.90
EBIT ($mm)
$199.20
Net Income ($mm)
$166.80
Employees
6557
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Ticker: MSCI
 
 
 
 
 
 
 
 
MSCI Inc.
MSCI Inc.
MSCI is an independent provider of research-driven insights and tools for institutional investors. They have deep expertise in the areas of risk and performance measurement that is based on more than 40 years of academic research, real-world experience and collaboration with their clients.
year
2019
rev ($mm)
$1,476.56
EBITDA ($mm)
$767.41
EBIT ($mm)
$709.17
Net Income ($mm)
$579.85
Employees
3266
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Ticker: INIX.PK
 
 
 
 
 
 
 
 
iFinix Corporation
iFinix Corporation
Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics.
year
2011
rev ($mm)
$0.54
EBITDA ($mm)
($0.26)
EBIT ($mm)
($0.27)
Net Income ($mm)
Employees
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Ticker: 601519.SS
 
 
 
 
 
 
 
 
Shanghai Great Wisdom Co., Ltd.
Shanghai Great Wisdom Co., Ltd.
Great Wisdom provides services in the areas of financial database, real-time quotes transmission, real-time quotes reveal and investment analysis software, financial education system, information dissemination, Web and other areas of financial services platform.
year
2013
rev ($mm)
$92.77
EBITDA ($mm)
($76.41)
EBIT ($mm)
($68.57)
Net Income ($mm)
Employees
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Ticker: LSE:ERM
 
 
 
 
 
 
 
 
Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC is an international business-information group with more than 2,000 employees worldwide and a portfolio of over 30 businesses spanning price reporting, investment research, news and market analysis, and industry forums, institutes and events.
year
2019
rev ($mm)
$328.89
EBITDA ($mm)
$55.56
EBIT ($mm)
$31.08
Net Income ($mm)
$78.26
Employees
1655
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Ticker: LSE:CAU
 
 
 
 
 
 
 
 
Centaur Media plc
Centaur Media plc
Centaur Media is a leading UK based business information, publishing and events group. It provides marketing and information solutions to buyers and sellers within several high value professional and commercial market communities.
year
2018
rev ($mm)
$91.02
EBITDA ($mm)
$6.59
EBIT ($mm)
$2.07
Net Income ($mm)
Employees
758
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Ticker: IPDN
 
 
 
 
 
 
 
 
Professional Diversity Network LLC
Professional Diversity Network LLC
Professional Diversity Network (PDN) is a Chicago-based diversity recruitment firm. PDN manages a suite of professional networking websites that target diverse professional groups, including African Americans, Latinos, Asian Americans, women, LGBT, veterans, and people with disabilities.
year
2012
rev ($mm)
$6.15
EBITDA ($mm)
$2.64
EBIT ($mm)
$2.53
Net Income ($mm)
$2.37
Employees
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Ticker: SZSE:000681
 
 
 
 
 
 
 
 
Visual China Group
Visual China Group
Visual China Group is among the top image licensing companies in the world. It is the go-to choice for creative and media professionals in China, and an award-winning leader in copyright protection.
year
2017
rev ($mm)
$132.68
EBITDA ($mm)
$46.76
EBIT ($mm)
$46.20
Net Income ($mm)
$40.24
Employees
689
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Ticker: OTCPK:GBPT
 
 
 
 
 
 
 
 
Globe Photos
Globe Photos
Globe Photo Agency, founded in 1939, is recognized as one of the world’s leading Celebrity photo agencies. Globe Photos’ library houses over 20 million images in color and black and white, representing material produced by photographers throughout the world.
year
2018
rev ($mm)
$1.24
EBITDA ($mm)
($0.36)
EBIT ($mm)
($0.82)
Net Income ($mm)
Employees
3
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Ticker: NYSE:DHX
 
 
 
 
 
 
 
 
DHI Group, Inc.
DHI Group, Inc.
DHI Group, Inc. is a leading provider of data, insights and employment connections through their specialized services for technology professionals and other select online communities. Their mission is to empower tech professionals and organizations to compete and win through expert insights.
year
2018
rev ($mm)
$198.83
EBITDA ($mm)
$30.24
EBIT ($mm)
$18.64
Net Income ($mm)
$18.14
Employees
615
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Ticker: TSE:7476
 
 
 
 
 
 
 
 
AS ONE Corporation
AS ONE Corporation is a specialist trading company that carved out a profitable niche selling through catalogs a vast array of laboratory and healthcare instruments. It has been growing by adding new categories, such as instruments and disposables used in cleanrooms.
year
2017
rev ($mm)
$557.19
EBITDA ($mm)
$71.54
EBIT ($mm)
$61.75
Net Income ($mm)
$42.40
Employees
485
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Ticker: SZSE:002315
 
 
 
 
 
 
 
 
Focus Technology Co., Ltd.
Focus Technology Co., Ltd.
Focus Technology Co., Ltd. is the business-to-business e-commerce innovator and leader in China. It has been helping small and medium-sized enterprises conduct global trade. It operates Made-in-China who provides selling and buying information for both China suppliers and global buyers.
year
2016
rev ($mm)
$79.38
EBITDA ($mm)
($0.75)
EBIT ($mm)
($3.11)
Net Income ($mm)
$18.58
Employees
1855
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Ticker: ASX:ASP
 
 
 
 
 
 
 
 
Aspermont Ltd.
Aspermont Ltd.
Aspermont Limited is an Australian integrated print and Internet publisher to the mining, oil and gas and related sectors. Its publishing business is comprised of both printed magazines (print) and Internet news services (net).
year
2017
rev ($mm)
$9.04
EBITDA ($mm)
($2.30)
EBIT ($mm)
($2.53)
Net Income ($mm)
Employees
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Ticker:
 
 
 
 
 
 
 
 
ExpoMedia Group, PLC.
Expomedia Group develops and manages the chain of state-of-the-art exhibition and conference centres, EXPO XXI International Expocentres, in key markets where multi-functional event space is in demand.
year
2007
rev ($mm)
$50.00
EBITDA ($mm)
EBIT ($mm)
Net Income ($mm)
Employees
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Ticker: LSE:HYNS
 
 
 
 
 
 
 
 
Haynes Publishing Group PLC
Haynes Publishing Group PLC
Haynes Publishing Group P.L.C., a publishing company, produces and sells automotive and motorcycle repair manuals. The Company's manuals are based on a complete vehicle strip-down and rebuild in its workshops.
year
2016
rev ($mm)
$31.93
EBITDA ($mm)
$3.48
EBIT ($mm)
$2.41
Net Income ($mm)
Employees
236
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Ticker: TSE:9470
 
 
 
 
 
 
 
 
Gakken Co. Ltd.
Gakken Co. Ltd.
The Gakken Group is involved in the daily lives of people on many different levels through its broad scope of business activities. Gakken carries out wide-ranging publishing activities, provides various classrooms and preparatory schools, and other preschool- and school-related activities.
year
2015
rev ($mm)
$750.72
EBITDA ($mm)
$20.94
EBIT ($mm)
$8.16
Net Income ($mm)
Employees
3035
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Ticker: GB:DODS.GB
 
 
 
 
 
 
 
 
Dods (Group) PLC
Dods (Group) PLC
Dods (Group) PLC is a political information, publishing, events and communications business operating. Dods specializes in services designed for organizations wishing to understand and engage with Parliament, the Civil Service, the wider public sector and the public affairs community.
year
2018
rev ($mm)
$26.72
EBITDA ($mm)
$2.97
EBIT ($mm)
$2.00
Net Income ($mm)
$0.72
Employees
202
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Ticker: XTRA:G6P
 
 
 
 
 
 
 
 
Going Public Media
Going Public Media
Going Public Media AG engages in the publishing and distribution of newspapers and magazines. It specializes in the publications on venture capital, private equity, corporate finance, and small and medium capital research. The company was founded in 1998 and is based in Wolfratshausen, Germany.
year
2015
rev ($mm)
$2.97
EBITDA ($mm)
$0.21
EBIT ($mm)
$0.09
Net Income ($mm)
$0.14
Employees
23
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Ticker: KROT3
 
 
 
 
 
 
 
 
Kroton Educacional S.A.
Kroton Educacional S.A.
Kroton is one of the largest private educational organizations in Brazil and worldwide, operating in the primary and secondary education segment for over 45 years and in the postsecondary education segment for more than 10 years.
year
2018
rev ($mm)
$1,443.80
EBITDA ($mm)
$484.88
EBIT ($mm)
$404.34
Net Income ($mm)
$463.09
Employees
15000
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