Jamieson is pleased to announce that it has advised the management team of Fastmarkets on it’s demerger from Delinian, formerly known as Euromoney Institutional Investor Plc, following the take private of the business in December 2022 at a headline valuation of £1.6bn.
Fastmarkets is the industry-leading price reporting agency (PRA) serving the metals, mining, forest products, energy transition and agriculture markets with over 10,000 customers globally. Fastmarkets’ growth is fuelled by its reputation as the trusted provider of mission-critical price data, benchmarks, forecasts and market analyses from more than 200 reporters and analysts globally across its core commodity markets. This data helps customers navigate complex, volatile and often opaque end markets, enabling trading and risk management. Fastmarkets is a global business with a 130-year history with more than 500 employees spread across the UK, US, China, Singapore, Brazil, Belgium, and Finland.
The demerger will enable Fastmarkets to pursue a tailored strategy as an independent business led by CEO Raju Daswani and a dedicated management team. Fastmarkets will seek to continue organic and inorganic growth through the development of the business, targeting operational improvements and making strategic acquisitions.
Tom Burton, Henry Balcerak and Alison Dunning advised Raju Daswani (CEO), Toby Burton (CFO) and the Fastmarkets executive leadership team on their own investment into the new structure and the terms of their new contracts and service agreements under private ownership.