Acquisition of Wealth Engine by Euromoney Institutional Investor plc

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryTechnology & Media
BDO.LiveSite.Deals.ClientNameEuromoney Institutional Investor plc

BDO provided financial and taxation due diligence support to Euromoney Institutional Investor plc, on their acquisition of Wealth Engine for $14.5m.

Wealth Engine is a SaaS platform providing data-driven intelligence and predictive analytics to wealth managers, luxury brands and not-for-profit organisations. It is a workflow tool which profiles US individuals and is used by its clients for prospecting potential donors or customers. Revenues are derived predominantly from subscriptions.

Euromoney is a global information business providing essential B2B information to global and specialist markets and this acquisition represents portfolio expansion of its B2B information providers.

"It was a pleasure to work with Euromoney again. It adds to our recent experience with the acquisition of Wealth-X last year and we wish the enlarged business good luck in the future."

Andrew Howson, Partner, BDO