(Hong Kong, 30 April 2018) CITIC Capital Holdings Limited (“CITIC Capital”) announced today that a consortium led by its private equity arm and Caixin Global has successfully completed the acquisition of Global Marketing Intelligence Division (“GMID”) from Euromoney Institutional Investor PLC (LSE:ERM) for an equity value of USD180.5 million.
After the acquisition, CITIC Capital and Caixin Global along with experienced management team from GMID will jointly manage the company’s affairs. GMID is a top-tier international financial information database operator. Its two main units CEIC and EMIS provide global financial information and data from the macro and micro perspectives, respectively, with a focus on key financial and business data for emerging markets.
The products are available in over 15 languages, and are trusted tools used by financial institutions, consultants, multinationals, and researchers worldwide.
Yichen ZHANG, Chairman & CEO of CITIC Capital, said: “We are delighted to join forces with Caixin Global to invest in this valuable and critical resource for emerging markets financial information. We will work together with GMID to expand and deepen its product offering, particularly that which is relevant to China, to better service the needs of its global customer base. We further aim to support management in delivering robust growth through our strong network and resources. This acquisition also represents one pillar in our buyout strategy which is focused on internet-based services businesses.”
This is the fourth carve out deal for CITIC Capital, to help companies restructure and carve out business from parent company to unlock full potential of the acquired assets. CITIC Capital will continue its investment and focus on domestic and overseas buyout opportunities particularly in the consumer and services industry.
About Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC (www.euromoneyplc.com) is listed on the London Stock Exchange and is a member of the FTSE 250 share index. It is an international business-information group covering asset management, price discovery, data & market intelligence, and banking & finance under brands including Euromoney, Institutional Investor, BCA Research, Ned Davis Research and Metal Bulletin. The group also runs an extensive portfolio of events for the telecoms, financial and commodities markets.
About CEIC and EMIS
CEIC was founded in 1992, and purchased by Euromoney in 2005. It provides a global economic database that covers over 200 countries and 18 macroeconomic sectors. It is one of the most comprehensive macro-economic databases with cutting-edge data accessibility and quality control. EMIS was founded in 1994, and purchased by Euromoney in 1998. As a business information provider for emerging markets, it provides financial institutions, consulting firms, multinationals and researchers with business information and market dynamics on over 125 countries and regions and over 250 industries.
About CITIC Capital
Founded in 2002, CITIC Capital Holdings Limited is an alternative investment management and advisory company. The firm manages over USD22 billion of capital across 100 funds and investment products through its multiple asset class platform covering private equity, real estate, structured investment & finance, and asset management. CITIC Capital has over 150 portfolio companies that span 11 sectors and employ over 820,000 people around the world. CITIC Capital’s private equity arm, CITIC Capital Partners, focused on control buyout opportunities globally, has completed over 50 investments in the past years in China, Japan, U.S. and Europe. The private equity arm currently manages USD4.7 billion of committed capital.