Who acquired Fastmarkets?
Fastmarkets today announces that it has completed the planned demerger from Delinian, formerly known as Euromoney Institutional Investor plc. As part of the transaction, Fastmarkets is now backed by private equity firm, Astorg. Equity House: Astorg Jamieson is pleased to announce that it has advised the management team of Fastmarkets on it’s demerger from Delinian, formerly known as Euromoney Institutional Investor Plc, following the take private of the business in December 2022 at a headline valuation of £1.
Is Fastmarkets reliable?
Who we are Fastmarkets is the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining and energy transition markets. Fastmarkets is a leading cross-commodity price reporting agency (PRA) in the agriculture, forest products and metals and mining markets. We give customers the insights to trade today and plan for tomorrow.
When did Astorg buy Fastmarkets?
Fastmarkets announces the completion of the acquisition by Astorg. London, November 24, 2022 – Euromoney, the parent company of Fastmarkets, today announced an acquisition by a consortium owned by funds managed by Astorg and Epiris of Euromoney. As a result, Euromoney was acquired for £1. Astorg paid £735mn for Fastmarkets (24x 2022 profit) and Epiris paid £865mn (13x profit) for ‘the rest of Euromoney’ (now named Delinian).