Latham Advises Astorg and Epiris on £1.6 Billion Acquisition of Euromoney
Latham & Watkins has advised a private equity consortium led by Astorg and Epiris on the £1.6 billion UK Takeover Code offer for Euromoney Institutional Investor Plc, a leading financial news and information business. As part of the offer, Euromoney investors will receive £14.61 per share.
The consortium will separate Euromoney into two businesses, with Fastmarkets becoming a stand-alone unit owned by Astorg. The remaining Euromoney businesses will be majority controlled by Epiris. The transaction is expected to close in Q4 2022.
The Latham team was led by London corporate partners Paul Dolman and Richard Butterwick, with associates Suneel Basson-Bhatoa, Jon Fox and Connie Taylor-Cox.