Private Equity
British business-to-business information company Euromoney (ERM.L) has agreed to sell its Global Markets Intelligence Division (GMID) to a Chinese consortium of CITIC Capital Partners and leading business news outlet Caixin for $180.5 million, it said on Monday. Euromoney said proceeds of about $145 million would leave the company in a net cash position and provide it with funds to help grow its activities in pricing, asset management and telecoms. Private equity firm CITIC Capital acquired the GMID business in partnership with Hong Kong-based Caixin Global, the overseas arm of Caixin Media.