Epiris portfolio company Delinian demerges Fastmarkets

POSTED 01 June 2023

Epiris today announces that Delinian, the global B2B information services business formerly known as Euromoney Institutional Investor PLC and a portfolio company of Epiris, has completed the planned demerger of Fastmarkets.

Funds managed by Epiris and Astorg acquired Euromoney in November 2022 and rebranded it as Delinian in January 2023. As part of the transaction, it was agreed that the company would be separated into two businesses, with Fastmarkets owned and controlled by Astorg, and the remaining Delinian businesses under the majority ownership and control of Epiris.

Delinian’s vibrant portfolio of 16 highly specialised information services businesses provide critical industry information and events to customers in over 140 countries across the professional and financial services and asset management sectors. Delinian’s brands include Altrata, BCA Research, Institutional Investor, IMN, Capacity / ITW and Insider Publishing Group.

The demerger enables Delinian to pursue a tailored strategy as an independent portfolio of businesses with a new leadership team led by CEO Andrew Pinder. Epiris will seek to enhance Delinian by focusing on a brand-led growth strategy, targeting operational improvements and, where appropriate, acquisitions. Epiris’ strategy will be similar to that deployed at AXIO, an Epiris Fund I investment that returned a 5.1x gross multiple of invested capital.

Alex Fortescue, Managing Partner at Epiris, said:

“We have made a great start to this investment, and with the planned demerger now complete can focus on working with Delinian’s talented team to make the most of the many opportunities in front of it.”

Andrew Pinder, CEO of Delinian, said:

“This is a significant moment for Delinian. As an independent business we will be focused on the growth of our portfolio of trusted brands and delivering to our customers the exceptional content and insights they expect and for which our brands are renowned.”

#ends#

For Epiris LLP please contact:

Greenbrook

Robert White, Matthew Goodman, Daniel Oliver

+44 (0)20 7952 2000

epiris@greenbrookadvisory.com

About Epiris

Epiris is a top-decile* private equity firm which invests in opportunities to transform businesses in partnership with exceptional management teams. It targets control positions in UK-headquartered businesses with an enterprise value of between £75 million and £500 million, deploying between £40 million and £150 million of equity.

Epiris’ current investments include LoneStar, a global supplier of highly engineered, mission-critical fasteners and seals for the world’s industrial and energy markets; Delinian, a global B2B information services business; Sepura, a leading global provider of digital radio systems for mission-critical applications; Inchcape Shipping Services, one of the world’s largest maritime services providers; Appello, a leading technology-enabled care provider; Stuart Turner, a producer of pumps and water-boosting products for residential and commercial uses; Sharps, the UK’s leading supplier of bespoke fitted bedroom furniture; The Big Table, a leading UK restaurant operator; Nucleus, an investment platform; Diamorph, a supplier of advanced material solutions for demanding and safety-critical applications; Bonhams, the global auction house; The Club Company, the UK’s largest country club operator; and Portals, one of the world’s leading manufacturers of security papers and features.

For further information, please visit www.epiris.co.uk.

Issued by Epiris which is authorised and regulated by the Financial Conduct Authority.

*As at 31 December 2022. Gross IRR does not reflect adjustments for investment management and administration costs. Comparator data supplied by Preqin. Past performance is no guarantee of future results.

About Delinian

Delinian is a global B2B information-services business. Delinian’s brands provide actionable data, analysis, intelligence and access in markets where information and convening market participants are valued. Delinian has customers in more than 140 countries and over 2,200 employees located in North America, South America, Europe and Asia.