BrightTower advises Delinian on dual Apax Partners sale of techoraco and Institutional Investor
NEW YORK, July 20. Delinian, identified as a global events leader, announced two separate transactions to sell techoraco and Institutional Investor to Apax Partners LLP. BrightTower, the New York City investment bank, advised Delinian across both deals with the global private equity firm. No financial terms were disclosed in the announcement.
Key takeaways
- Delinian announced two separate transactions to sell techoraco and Institutional Investor to Apax Partners LLP.
- BrightTower, a New York City investment bank, advised Delinian across both deals.
- No financial terms, valuations, or closing timelines were disclosed for either transaction.
- The divestiture was structured as two distinct sales rather than one combined process, with Apax Partners acquiring both assets.
- No comments from named executives at Delinian, Apax Partners, or BrightTower were included in the release.
NEW YORK, July 20. Delinian, identified as a global events leader, announced two separate transactions to sell techoraco and Institutional Investor to Apax Partners LLP. BrightTower, the New York City investment bank, advised Delinian across both deals with the global private equity firm. No financial terms were disclosed in the announcement.
Two separate transactions, one acquirer
The divestiture is structured as two distinct sales rather than a single combined process. Apax Partners LLP, described in the release as a global private equity firm, is acquiring both assets. The announcement provided no closing timeline, regulatory detail, or valuation for either transaction.
Delinian is exiting its positions in techoraco and Institutional Investor through the dual process. The release identified the seller as a global events leader but gave no revenue, headcount, or other operating figures for either business being divested.
BrightTower's advisory mandate
BrightTower provided investment banking and M&A advisory services to Delinian across both transactions, according to the release. The firm is headquartered in New York City. No co-advisers or legal counsel were named in the announcement.
No comments from named executives at Delinian, Apax Partners, or BrightTower were included in the release. As of July 20, terms for both transactions remain undisclosed.