Euromoney Institutional Investor, the global business information and events group, acquired 100% of the equity of The Deal, comprising BoardEx and The Deal, from its parent company, TheStreet. The Deal is a trusted source of data, news, and intelligence on mergers and acquisitions, activist investing, private equity and restructuring. Its digital subscription product is one of the market-leading brands in deal-driven knowledge across the US. Its data, particularly on the individuals involved in a transaction, provide further depth to the relationship mapping output of the BoardEx platform. The combined products have a consistent track record of growth in revenue and EBITDA over recent years, and this trend is expected to continue. In the twelve months to 30 September 2018, The Deal's unaudited revenue was $25m. Revenues are derived predominantly from selling subscriptions which have high renewal rates. On completion, Euromoney will pay $87m in cash for BoardEx and The Deal, funded from its existing facilities. Completion is subject to the approval of TheStreet's shareholders and other customary closing conditions and is expected to take place during the first quarter of 2019.