Delinian

ABOUT THE INVESTMENT

Delinian (formerly Euromoney) is a portfolio of 20 highly specialised global brands focused on delivering critical insights to a wide range of customers across the professional and financial services sectors. These brands 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 with strong growth characteristics. We teamed up with Astorg to unlock the deal by taking Euromoney plc private before separating it into Fastmarkets, owned by Astorg, and Delinian, owned by Epiris. Our plan is to transform Delinian through focusing on a brand-led strategy, targeting operating improvements and supplementing with M&A where appropriate. In this sense the deal bears a striking resemblance to AXIO, a Fund I deal in which Epiris returned a 5.1x gross MOIC.