Delinian

ABOUT THE INVESTMENT

Delinian (formerly Euromoney) is a portfolio of highly specialised global companies focused on delivering critical insights to a wide range of customers across the professional and financial services sectors. These companies are deeply respected in their markets, providing go-to subscription products for critical data & expert insights, and industry-leading events & conferences.

Delinian was the larger part of Euromoney Institutional Investor plc, a London-listed information and events business that also owned Fastmarkets, a commodities price reporting agency. We teamed up with Astorg to unlock the deal by taking Euromoney private before separating it into Fastmarkets, owned by Astorg, and Delinian, owned by Epiris. Our plan has been to transform Delinian by driving growth and performance improvement brand by brand before selling the group in parts to the right buyers. In this sense the deal bears a striking resemblance to AXIO, a Fund I deal in which Epiris returned a 5.1x gross MOIC. To date, we have sold eleven of the brands to a mixture of strategic and financial buyers.