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Euromoney to acquire Information Management Network

Published on .

London--Euromoney Institutional Investor, publisher of Euromoney magazine, announced Monday that it has agreed to acquire an 80% interest in Information Management Network, a New York-based financial conference organizer.

IMN produces about 70 educational conferences for the global investment community. Its revenues are generated by both sponsors and paid attendees.

Euromoney will pay about $29 million for its stake, with payments based on profit performance due in each of the next three years. The remaining 20% interest in IMN is subject to put and call options exercisable in 2008 and after.

The maximum price Euromoney could pay for a 100% stake in IMN is $100 million. Media industry investment bank the Jordan, Edmiston Group represented IMN in the deal.

--Sean Callahan

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