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Euromoney Institutional Investor PLC sold EIC to Broadfern

Fusion Corporate Partners is pleased to announce the sale of Euromoney Institutional Investor Plc owned Energy Information Centre Ltd to Broadfern Partners for a total consideration of £4.7M.

EIC is the leader in the provision of wholesale and retail market intelligence, outsourced procurement and risk management strategies to the oil & gas, electricity and water industries. EIC was acquired by Euromoney as part of its acquisition of Metal Bulletin Plc in 2006, and although it is a strongly performing business it is not a close fit with Euromoney’s current portfolio and long term strategy.

Fusion has a long relationship with Euromoney, having been involved a number of transactions with them over the years, and we are pleased to have completed a successful divestiture which will also give a boost to a strong business.

Mark Eisenstadt meisenstadt@fusioncorp.co.uk and Toby Gordon tgordon@fusioncorp.co.uk were the members of the Fusion team active on this transaction.   Fusion acted exclusively for Euromoney.

 

Published:

Paul Slight

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