Corporate News

LDC backs MBO of leading specialist financial information group

LDC has backed the management buyout of PEI Media Group Ltd (“PEI”), one of the world’s leading alternative assets information groups.

Significant investment will help fund extension of product portfolio and accelerate penetration of key markets at a time when capital flows into alternative assets continues to surge.

Founded in 2001 following a buyout from Euromoney Institutional Investor plc, PEI has developed a portfolio of globally recognised publications, databases and branded events focused exclusively on alternative asset finance and investment. Its products and services sit at the heart of the fast-growing markets of private equity, real estate, infrastructure and private debt.

The PEI publication portfolio includes Private Equity International, PERE, Infrastructure Investor, Real Estate Capital and pfm. PEI has also expanded into emerging alternative investment fields and practices, successfully adding such publishing brands as Private Debt Investor, Agri Investor and Secondaries Investor.

Alongside its core publications and databases, PEI brands host over 50 events globally every year, with flagship annual conferences including Infrastructure Investor Europe in Berlin, PERE Asia in Hong Kong, PEI COOs and CFOs Forum in New York and the PERE Europe in London.

As part of the transaction, LDC is backing the strong management team led by Chief Executive Tim McLoughlin and has made a significant equity investment in return for a minority shareholding. The group’s original founders, David Hawkins and Richard O’Donohoe, will continue to hold a minority stake in the company and are becoming non-executive directors.

The deal was transacted by LDC’s London team.

Tim McLoughlin, Chief Executive of PEI Media Group, said: “We’re very pleased to have the support of an investment partner like LDC: it gives us the capital, strategic insight and operational support to help us continue investing in our platforms for the benefit of the markets we serve, while creating new opportunities to help them connect, engage and promote. Together we will be able to go further, faster.”

LDC was advised by Quayle Munro, PwC, Alvarez and Marsal and CMS Cameron McKenna.

The PEI shareholders were advised by Livingstone and Squire Patton Boggs.

Management were advised by Liberty Corporate Finance, Pinsent Masons and PwC.

 

Article Footnotes

Notes to Editors

  1. LDC is part of the Lloyds Banking Group and is authorised and regulated by the Financial Conduct Authority
  2. LDC back ambitious management teams from UK-based companies seeking between £2m and £100m of equity for management buy-outs, institutional buy-outs or development capital transactions.
  3. LDC invests in a broad range of sectors and has particular experience in Construction & Property, Financial Services, Healthcare, Industrials, Retail & Consumer, TMT, Travel & Leisure and Support Services.
  4. LDC has a UK regional network of 9 offices.