Goldenhill International M&A Advisors today announced that it assisted the vwd group, a leading provider of financial-market information in German-speaking countries, in its recently announced agreement to become an outsourcing partner for the financial-information business in Italy run by Il Sole 24 Ore S.p.A.
In an initial step, the vwd group will act as an outsourcing partner and provide various technical services. It will acquire the necessary business resources for about €3 million. In a second phase, the clients of Il Sole 24 Ore S.p.A. will be given the opportunity to join the vwd group’s product world and thus gain access to a much larger universe of data – based on state-of-the-art technology. Should the partnership run smoothly, the vwd group will pay an additional purchase-price component (earn-out) totaling up to €4 million
Goldenhill initiated the process which resulted in this agreement and assisted the vwd group the early stages of the process which ultimately has resulted in this agreement.