Carlyle-Euromoney Group to Buy Dealogic for $700 Million

Carlyle Group LP and financial publisher Euromoney Institutional Investor Plc agreed to buy market-data provider Dealogic Holdings Plc and related joint ventures for about $700 million.

The buyers are offering $12.0816 in cash for each Dealogic share, the companies said today in a joint statement. Alternatively, Dealogic investors may choose to receive one sixth of a share in the bidding vehicle plus $10.0680 in cash for every share they hold.

“This investment fits Euromoney’s strategy of expanding the scope of its activities in the global financial information and analytics sector,” the London-based media company said in a separate statement. Euromoney’s stake in Dealogic will amount to about 15.5 percent.

Dealogic has been closely held since mid-2011, when the London-based data-communications company removed its shares from trading on the U.K.’s AIM market, where it was listed in May 2004. The deal with Carlyle and Euromoney has the approval of owners of 88.5 percent of Dealogic stock, the companies said today.