Euromoney Institutional Investor, the financial publisher behind the Euromoney magazine, has accepted a £1.7bn takeover from two private equity groups, Astorg and Epiris.

The Financial Times reports the deal – about 21.5 times Euromoney’s EBITDA to September 2021 – is “a relatively high multiple for a private equity offer”. The bid price was 33.5% above Euromoney’s prior per share price.

Source: Financial Times