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    ERM   GB0006886666

EUROMONEY INST INV

(ERM)
Delayed London Stock Exchange  -  02:30:00 2022-11-24 am EST
1460.00 GBX   -.--%
2022Samson Rock Capital LLP - Form 8.3 - Euromoney Institutional Investor Plc
PR
2022Euromoney Institutional Delists Following Acquisition by Consortium
MT
2022Euromoney Institutional Investor's Takeover Scheme Becomes Effective
MT
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IN BRIEF: Euromoney's potential buyers enter senior facilities deal

11/21/2022 | 09:10am EST

Euromoney Institutional Investor PLC - London-based business information and events - Astorg Asset Management SARL, which together with Epiris GP Ltd and Epiris GP III Ltd aims to buy Euromoney, says their consortium Becketts Bidco Ltd enters into a senior facilities agreement with Ares Management Ltd and affiliates. Becketts Bidco will receive GBP30.0 million. Meanwhile, Lloyds Banking Group PLC takes over as lender under a super senior multicurrency revolving credit facility.

According to terms agreed in July, Astorg Asset Management and Epiris will pay 1,461 pence per Euromoney share, a 34% premium on Euromoney's "undisturbed" stock price of 1,094p on June 17, the final trading day before Euromoney confirmed the takeover approach on June 20. The total value of the takeover is GBP1.6 billion.

Current Euromoney stock price: 1,456.00 pence

12-month change: up 47%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
ARES MANAGEMENT CORPORATION 2.08% 82.9 Delayed Quote.21.13%
LLOYDS BANKING GROUP PLC 0.17% 52.59 Delayed Quote.15.81%
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2022Samson Rock Capital LLP - Form 8.3 - Euromoney Institutional Investor Plc
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2022Euromoney Institutional Delists Following Acquisition by Consortium
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2022Astorg Asset Management S A.R.L., Epiris GP III Limited and Epiris GP Limited completed..
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Managers and Directors
Wendy Pallot Chief Financial Officer & Executive Director
Philippe Leslie van de Walle Non-Executive Chairman
Andrew Pieri Chief Information Officer
Janice May Babiak Senior Independent Non-Executive Director
Colin Richard Day Independent Non-Executive Director