Delinian Explained

Delinian
Former Name:Euromoney Institutional Investor PLC
Type:Private company
Traded As:Previously
Location City:London
Location Country:United Kingdom
Key People:Leslie Van de Walle (Chairman)
Andrew Rashbass, CEO
Industry:B2B publishing and information
Products:Media, live events, subscription services
Founder:Patrick Sergeant
Revenue: £336.1 million (2021)[1]
Operating Income: £31.1 million (2021)
Net Income: £12.6 million (2021)
Num Employees:2,469
Num Employees Year:2021

Delinian (formerly Euromoney Institutional Investor) is a British financial media company that has interests in business and financial publishing and event organisation.

, it was one of Europe's largest business and financial information companies. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by private equity groups, Astorg and Epiris, in November 2022.

History

Euromoney magazine was founded by Sir Patrick Sergeant in 1969 as an international business-to-business media group focused primarily on the international finance sector.[2] The costs to launch the magazine were covered with £6,000 from Associated Newspapers and £200 from Sergeant himself and a number of other Mail employees, with Hambros Bank putting up stand-by credit. Padraic Fallon joined the magazine as editor. He would takeover as chairman and executive after Sergeant, overseeing the company until his death in 2012.[3]

Patrick Sergeant continued to manage the business until 1985 when he became chairman. The company was first listed on the London Stock Exchange in 1986.[4] Sergeant retired as chairman in September 1992 when he was appointed president and non-executive director, but served as a board member until May 2018.[2]

It was formerly 49% owned by the Daily Mail and General Trust Group until the stake was spun-off in 2019.[5]

In July 2022, the company agreed to accept a takeover offer worth £1.7 billion from private equity groups, Astorg and Epiris.[6] The transaction was approved by the court on 22 November 2022.[7] The company changed its name to Delinian in January 2023.[8]

Acquisitions

Acquisitions include:[9]

Portfolio

Euromoney's portfolio includes brands such as Euromoney, Institutional Investor, BCA Research, Ned Davis Research, Fastmarkets MB, Fastmarkets AMM, International Tax Review, International Financial Law Review (IFLR), Managing Intellectual Property (MIP), SRP, Random Lengths, EMIS, Insurance Insider, Fastmarkets RISI, Global Capital and IJGlobal.[14]

International Tax Review (ITR) provides comprehensive coverage of international tax news and policy analysis, as well as surveys, in-depth features and unique guides to the most recent deals. The magazine has interviewed numerous politicians and economists, including Arthur Laffer, Pierre Moscovici and Margrethe Vestager.[15] The International Financial Law Review is the "market-leading financial law publication for lawyers in financial institutions, corporates and private practice".[16]

The company also provides training services: the London Metal Exchange announced in January 2015 that it would partner with the company to offer specialist courses.[17]

Notes and References

  1. Web site: Annual Results 2021. Euromoney Institutional Investor. PDF . 16 February 2022.
  2. Web site: Euromoney Business Profile . Financial Times. 2 May 2012. 18 July 2012.
  3. Web site: Obituary: Padraic Fallon . Financial Times . 16 October 2012. 16 October 2012.
  4. Web site: Euromoney Institutional Investor. International Trade. 17 March 2014.
  5. Web site: Daily Mail Owner to Spin Off Euromoney Stake to Shareholders. 3 March 2019. Bloomberg. 1 March 2020.
  6. News: Euromoney accepts £1.7bn private equity takeover bid: Who are Astorg and Epiris?. 18 July 2022. Press Gazette. 23 November 2022.
  7. News: Recommended Cash Acquisition of Euromoney Institutional Investor PLC by Becketts Bidco Limited. 22 November 2022. Investegate. 23 November 2022.
  8. Web site: Euromoney rebrands to Delinian amid change in ownership, Fastmarkets brand remains unchanged . FinanceFeeds. 23 January 2023. 29 January 2023.
  9. Web site: Euromoney Institutional Investor PLC. euromoneyplc.com. 28 March 2015.
  10. Web site: Euromoney purchases a majority stake of Ned Davis Research. integrity-research.com. 28 March 2015.
  11. Web site: Euromoney: Acquisition . London Stock Exchange. 17 September 2016.
  12. Web site: Euromoney acquires BroadGroup. Data-economy. 31 March 2017.
  13. Web site: Euromoney Institutional Investor acquires RelSci for $7.4 million. 24 May 2021.
  14. Web site: Who we are. www.euromoneyplc.com. 19 June 2017.
  15. Web site: The Global Tax 20: Margrethe Vestager. International Tax Review. 12 December 2018. 1 March 2020.
  16. Web site: International Financial Law Review. ASIFMA. 1 March 2020.
  17. Web site: LME Boosts Outreach Strategy With New Education Offering. Mondovisione. 28 September 2015.