Quayle Munro is pleased to announce that it has advised the shareholders of Arete Consulting Limited on its sale to Euromoney Institutional Investor PLC (“Euromoney”). The acquisition is in line with Euromoney’s strategy of investing in high-growth online subscription data businesses and is its first sizeable acquisition since the purchase of Metal Bulletin and Total Derivatives in October 2006.
Arete, which has operations in London, New York and Hong Kong, is a global data and news source covering structured retail products. Arete’s proprietary Structured Retail Products database – www.StructuredRetailProducts.com - contains information on over 1.3 million investment products with derivative features from 33 countries dating back nearly 20 years. Its customers are in 52 countries, including emerging markets, and are mostly investment banks, issuers of structured retail products, regulators and financial indices.
Euromoney acquired the entire issued share capital of Arete. The final price is dependent on Arete’s audited profits for its financial year to 28 February 2011. The acquisition will be financed from Euromoney’s existing borrowing facility.
Andrew Adams, Managing Director, Quayle Munro commented: “The strategic rationale of the acquisition is compelling for both parties and we were delighted to use our expertise to assist in the successful conclusion of this transaction. Euromoney’s reach will enable a broader distribution of Arete’s database and enhance revenues. We have extensive experience in the data and analytics field and this deal continues our strong track record in this sector.”