Euromoney acquires publishing firm
Euromoney Institutional Investor, the FTSE 250 international online information and events group, has expanded its insurance and reinsurance business with the acquisition of Insider Publishing, an information source for the sector.
Euromoney Institutional Investor, the FTSE 250 international online information and events group, has expanded its insurance and reinsurance business with the acquisition of Insider Publishing, an information source for the sector.
The transaction is expected to be earnings enhancing for Euromoney from the 2013 financial year. Euromoney has so far paid an initial interest of £16.8m, funding by its existing borrowing facility, and said it expects to make a further deferred payment in 2015 based on the profit growth of the acquired firm from 2012 to the average of the 2013 and 2014 calendar years.
Insider Publishing's business model is based on providing premium subscription content through its publication, The Insurance Insider and a number of other specialist titles. It also runs a series of events for senior executives of the London insurance market.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
For the year ended December 31st the company posted an unaudited pre-tax profit of £2.1m on revenues of £4.7m.
"We are delighted to acquire Insider Publishing," said Richard Ensor, the Chairman of Euromoney.
"Euromoney expects the international non-life insurance and reinsurance markets to remain major consumers of business information. The acquisition gives Euromoney the opportunity to build critical mass in these markets and it will continue to run the two complementary brands, Reactions and The Insurance Insider, side by side."
The company added: "The acquisition of The Insurance Insider is consistent with Euromoney's strategy of investing in online subscription businesses which will benefit from Euromoney's global reach.
"With its strong brand, The Insurance Insider complements Euromoney's insurance title Reactions which focuses on the global insurance and reinsurance markets and their relationships with the capital markets."
The share price dipped 0.05% to 909.50p by 14:00.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyers
Rachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?
Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap