BDO provided financial and taxation due diligence support to Euromoney Institutional Investor plc, on their acquisition of Wealth-X Pte. Ltd for $20.4m in cash, representing a 1.6x multiple of projected 2019 revenue.
Wealth-X is a market-leading provider of data-driven intelligence on the world’s wealthiest individuals. The platform’s proprietary database is embedded in the workflow of banks, wealth managers, luxury brands and non-profit customers and is used for business development and Know Your Client activities.
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.