Funds Europe Limited, the privately-owned publisher of this website as well as specialist magazines for the funds industry, has been bought by data analysis firm Camradata for an undisclosed sum.
A statement released by Camradata said that the acquisition of a financial publishing business would boost the firm’s research arm, allow it to expand its publishing capacity and events business as well as extend its database reach into Europe.
The deal will see nine editorial, sales and administration staff move from City offices close to the Spitalfields market to Camradata's offices in Leadenhall Street.
Funds Europe Ltd will continue to be managed by Alan Chalmers (pictured right).
Funds Europe produces four magazines (Funds Europe, Funds Global MENA, Funds Global Asia, and Funds Global Latin America) and also organises events and research.
Sean Thompson, managing director of Camradata (pictured left), said that acquiring Funds Europe Limited would broaden Camradata’s skillset and enable the firm to expand into European markets and the defined contribution pension sphere.
“Our two brands are highly complementary, but we have different readerships and we look forward to reaching investors in other European markets,” Thompson said.
“By combining the Camradata investment data and analytics with the editorial capabilities of the Funds Europe team there is the opportunity to enhance all the existing publications, events and research to a level far beyond the competition, as well as reducing the overall cost of production.
“This will add greater value to our clients who will have greater insight into investment data.”
Chalmers said that there was a close working relationship and synergy between the two firms, which were launched around the same time.
“Funds Europe will benefit from becoming part of a larger organisation with greater resources available, as well as being able to access Camradata’s investment research, which will provide valuable additional insight and data for our readers,” he said.
Camradata, which provides data and analysis for the institutional investors, is part of the £118 million (€134 million) turnover financial services group Punter Southall.
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