Top Right Group agrees to sell Infrastructure Journal to Euromoney Institutional Investor

Top Right Group agrees to sell Infrastructure Journal to Euromoney Institutional Investor
 

15 October 2013

Top Right Group today announced it has entered an agreement to sell Infrastructure Journal to Euromoney Institutional Investor PLC for £12.5m. Detailed terms of the deal were not revealed.

IJ is an online subscription information service providing news, insight and analysis for clients involved in planning and financing infrastructure projects around the world.

Duncan Painter, CEO Top Right Group, said: "IJ is well respected in its sector and delivers valuable insight and expertise to its customers. The skill of the team, investment in content and the launch of new topical forums each year have kept the brand ahead and we are delighted that the IJ name will continue in the marketplace. We believe Euromoney Institutional Investor will be a good long term home for the brand and we wish the business every success in the future."

Richard Ensor, Chairman, Euromoney Institutional Investor PLC, added: "Infrastructure Journal is a business we have long admired and we are delighted that is now part of our stable of global brands. With an estimated 57 trillion dollars of investment into infrastructure projects required around the world by 2030, we believe this part of the business-to-business information sector offers attractive growth fundamentals. Euromoney aims to create a comprehensive market-leading infrastructure information provider by combining under the Infrastructure Journal brand the deals database and news coverage of Infrastructure Journal and the deals analysis, awards and conferences of Project Finance, a business that we have owned for 25 years."

 

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Notes to Editors

IJ was purchased in 2007 and has been a consistent cash generator. TRG believe the price offered is beyond what could be generated in the medium term should IJ have stayed within its portfolio of assets.

The value released by this sale will be reinvested back into the core business lines as we continue to position ourselves for sustainable, top line growth, particularly internationally.

Euromoney Institutional Investor PLC

Euromoney Institutional Investor PLC is listed on the London Stock Exchange and is a member of the FTSE-250 share index. It is a leading international business-to-business media and information group focused primarily on the international finance, commodities, energy, law and telecom sectors. It owns more than 70 brands including Euromoney, Institutional Investor and Metal Bulletin, and is a leading provider of economic and investment research and data under the BCA Research, Ned Davis Research and ISI Emerging Markets brands. It also runs an extensive portfolio of conferences, seminars and training courses for financial markets. The group's main offices are in London, New York, Montreal and Hong Kong and more than a third of its revenues are derived from emerging markets.

Top Right Group

Top Right Group is a business-to-business multiplatform media group, providing critical analysis, breaking news, fresh ideas and relevant professional opportunities to customers worldwide. It owns a portfolio of independent operating companies: i2i Events Group, a leading exhibitions and large scale events business; Lions Festivals, the organiser of International Festivals of Creativity globally; WGSN Group; 4C Group, a portfolio of world class information services brands; and EMAP, a progressive, brand-led content subscription business. 
www.topright-group.com.

Contacts

Top Right Group

Jane Windsor
Director of Communications
Top Right Group
e: jane.windsor@topright-group.com

 

Sarah Kemp
Director of Communications
Top Right Group
t: 07738 740 831
e: sarah.kemp@topright-group.com

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Top Right Group (formerly Emap)

Holding group encompassing i2i Events, 4C Group and Emap businesses.