Euromoney Institutional InvestorPLC Acquisition of Extel (0444H)
08 March 2018 - 6:00PM
UK Regulatory
TIDMERM
RNS Number : 0444H
Euromoney Institutional InvestorPLC
08 March 2018
Embargoed: Not for release before 7am March 8, 2018
EUROMONEY INSTITUTIONAL INVESTOR PLC
ACQUISITION OF EXTEL
March 8, 2018
Euromoney adds to its Institutional Investor Research portfolio
with the acquisition of Extel
Euromoney Institutional Investor PLC ("Euromoney"), the
international business information and events group, today
announces that it has acquired 100% of the business and assets of
Extel from WeConvene. Extel will be integrated into Euromoney's
Institutional Investor Research business which is well known for
its sell-side analyst and corporate IR performance research and
rankings, and strengthens further Institutional Investor's asset
management offering.
Extel runs the annual independent survey of quality across the
European equities investment community. The Extel Survey began in
1974 and in 2017 over 15,500 investment professionals cast 1.1
million votes across the investment industry, providing an
unparalleled dataset to help clients analyse and drive their market
understanding.
The acquisition of Extel fits within Euromoney's strategy of
investing in its main themes, specifically asset management. Extel
is deeply embedded in the equities investment community and its
complementary data sets and highly valued analytics and insights
will support the transition of Institutional Investor to a next
generation 3.0 business model.
Will Rowlands-Rees, MD of Institutional Investor Research, said:
"Although a small business Extel has a strong reputation in the
European market, and is highly complementary to our existing
Institutional Investor Research offerings. By integrating these
businesses, we will create a unique bulge bracket through domestic
broker view of research product evaluation in the European market
at a time of tremendous market change driven by MiFID II. I look
forward to leveraging our shared expertise and knowledge, and
partners in the investment community to build a stronger and
broader set of capabilities across our portfolio of products to
help with these challenges."
Ends
For further information, please contact:
Euromoney Institutional Investor PLC
Colin Jones, Finance Director: +44 20 7779 8666;
cjones@euromoneyplc.com
FTI Consulting
Charles Palmer/Emma Hall: +44 20 3727 1400;
euromoney@fticonsulting.com
About Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC (www.euromoneyplc.com) is
listed on the London Stock Exchange and is a member of the FTSE 250
share index. It is an international business information group
covering asset management, price discovery, data & market
intelligence, and banking & finance under brands including
Euromoney, Institutional Investor, BCA Research, Ned Davis Research
and Metal Bulletin. The group also runs an extensive portfolio of
events for the telecoms, financial and commodities markets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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