Fund tracker EPFR Global sold to Informa <INF.L>

NEW YORK, Dec 3 (BestGrowthStock) – EPFR Global told Reuters on
Friday the mutual fund tracking company has been sold to
British business media group Informa (INF.L: ) for an undisclosed
sum.

EPFR Global, a 15-year old Cambridge, Massachusetts-based
company, publishes widely followed weekly snapshots of cash
flows in and out of mutual funds that investors use to spot
market trends.

The company was privately held at the time of the sale.
Co-founders Brad Durham and Dwight Ingalsbe are remaining with
the company under the new ownership structure. The timing of
the sale, nor other details were immediately available.

Earlier this week at the Reuters Global Media Summit in
London, Informa chief executive Peter Rigby said the company
might make bolt-on acquisitions to increase its presence in
high-end trade shows and conferences. The firm has about 120
million to 130 million pounds of free cash to spend without
increasing its debt and that transformational deals were not at
the forefront of the company’s agenda. [ID:nLDE6B020F]

Informa’s stock is up 29.1 percent year-to-date.
(For other news on the Reuters Global Media Summit, click on
http://www.reuters.com/summit/GlobalMedia10?pid=500)
(Reporting by Daniel Bases and Walter Brandimarte; Editing by
Diane Craft)

Fund tracker EPFR Global sold to Informa <INF.L>