Norton Rose Fulbright advises BofA Securities and Raymond James on Astorg and Epiris £1.6 billion consortium offer for Euromoney
Global | Press release - Business | July 2022
Global law firm Norton Rose Fulbright is advising BofA Securities and Raymond James Financial International Limited as financial advisers to a consortium comprising Astorg Asset Management S.à r.l (Astorg) and Epiris GP Limited and Epiris GP III Limited (Epiris) on its c. £1.6 billion recommended cash offer for Euromoney Institutional Investor plc (Euromoney). Under the terms of the offer, Euromoney’s shareholders will receive 1461 pence per share in cash.
Euromoney is a global information business providing essential B2B information to global and specialist markets through price discovery, market intelligence and events across its segments. Euromoney provides actionable data, analysis, intelligence and access in markets where information and convening participants is valued through three divisions – Fastmarkets, Financial & Professional Services, and Asset Management – and has customers in more than 160 countries and over 2,500 employees located in North America, South America, Europe and Asia.
Astorg is a global private equity firm with €17 billion of assets under management, including its €6.5 billion target Astorg VIII fund. Astorg has valuable industry expertise in healthcare, software, business-to-business professional services and technology-based industrial companies and is focused on companies with market leading positions, selling highly differentiated products or services. Astorg enjoys a distinctive entrepreneurial culture and has a successful track record in investing in the UK market including investments in Audiotonix, Acturis, LGC, Anaqua and Corsearch.
Epiris is one of the longest-established private equity firms in the UK. In 2018 Epiris announced the final close of Epiris Fund II, an institutional private equity fund that attracted capital commitments totalling £821 million from some of the world's leading investors. Epiris invests in UK-headquartered businesses with an enterprise value of between £75 million and £500 million. It has a strong track record of transforming businesses in partnership with exceptional management teams and its approach is to focus on strategic clarity, operational excellence, growth acceleration and mergers and acquisitions.
The London-based Norton Rose Fulbright team is being led by corporate partners Paul Whitelock and Nicolas Sirtoli, alongside banking partner Alex Zekkos, with corporate support from Alexandra Simpson, Adam Worth and Seamus Connelly, and banking support from banking counsel Sunny Wong. Further support was provided by Luxembourg-based partner Manfred Dietrich and counsel Franck-Olivier Cera.
Euromoney is a global information business providing essential B2B information to global and specialist markets through price discovery, market intelligence and events across its segments. Euromoney provides actionable data, analysis, intelligence and access in markets where information and convening participants is valued through three divisions – Fastmarkets, Financial & Professional Services, and Asset Management – and has customers in more than 160 countries and over 2,500 employees located in North America, South America, Europe and Asia.
Astorg is a global private equity firm with €17 billion of assets under management, including its €6.5 billion target Astorg VIII fund. Astorg has valuable industry expertise in healthcare, software, business-to-business professional services and technology-based industrial companies and is focused on companies with market leading positions, selling highly differentiated products or services. Astorg enjoys a distinctive entrepreneurial culture and has a successful track record in investing in the UK market including investments in Audiotonix, Acturis, LGC, Anaqua and Corsearch.
Epiris is one of the longest-established private equity firms in the UK. In 2018 Epiris announced the final close of Epiris Fund II, an institutional private equity fund that attracted capital commitments totalling £821 million from some of the world's leading investors. Epiris invests in UK-headquartered businesses with an enterprise value of between £75 million and £500 million. It has a strong track record of transforming businesses in partnership with exceptional management teams and its approach is to focus on strategic clarity, operational excellence, growth acceleration and mergers and acquisitions.
The London-based Norton Rose Fulbright team is being led by corporate partners Paul Whitelock and Nicolas Sirtoli, alongside banking partner Alex Zekkos, with corporate support from Alexandra Simpson, Adam Worth and Seamus Connelly, and banking support from banking counsel Sunny Wong. Further support was provided by Luxembourg-based partner Manfred Dietrich and counsel Franck-Olivier Cera.
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