Euromoney Institutional Investor (ERM) has announced the acquisition of BoardEx and The Deal for $87.3m in cash from The Street, representing 3.5x FY18 revenues. Completion is expected in early 2019, at which point we will update our forecasts. BoardEx and The Deal fit neatly alongside elements of ERM’s existing specialist information, banking and financial operations, with overlap in the customer base and similarly strong subscription bases and retention rates. Management anticipates t
07 Dec 2018
Euromoney Institutional Investor - BoardEx brought on board
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Euromoney Institutional Investor - BoardEx brought on board
- Published:
07 Dec 2018 -
Author:
Fiona Orford-Williams -
Pages:
2
Euromoney Institutional Investor (ERM) has announced the acquisition of BoardEx and The Deal for $87.3m in cash from The Street, representing 3.5x FY18 revenues. Completion is expected in early 2019, at which point we will update our forecasts. BoardEx and The Deal fit neatly alongside elements of ERM’s existing specialist information, banking and financial operations, with overlap in the customer base and similarly strong subscription bases and retention rates. Management anticipates t