Euromoney Institutional Investor to acquire RISI for $125 million
(London, UK, March 3, 2017) Euromoney Institutional Investor PLC (“Euromoney”), the international online information and events group, has agreed to acquire 100% of the equity of RISI, the leading price reporting agency (“PRA”) for $125 million.
Highlights of the deal are:
• Euromoney acquires RISI, a leading price reporting agency, for $125 million
• Founded in 1985, risi has been part of axio group, an epiris managers’ business, since 2013In calendar year 2016 risi’s unaudited revenues were $29.6 million and its unaudited ebitda was $7.7 million
• Risi’s unaudited gross assets at december 31, 2016 were $29.8 million
• On completion, euromoney will pay $125 million in cash for risi, funded from its existing revolving credit facility
• Completion is subject to hart- scott-rodino approval in united states, which is expected to take approximately four weeks
• Acquisition is expected to be earnings-enhancing for euromoney in its current financial year (Source: RISI / Reuters)
