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.