Ropes & Gray Advises Astorg on Demerger of Fastmarkets

Ropes & Gray has advised European private equity firm Astorg on the completed planned demerger of Fastmarkets from Delinian, formerly known as Euromoney Institutional Investor plc. As part of the transaction, Fastmarkets is now backed by private equity firm, Astorg.

Fastmarkets is a global price reporting agency – with 500 employees spread across the UK, US, China, Singapore, Brazil, Belgium, and Finland – serving the metals, mining, forest products, energy transition and agriculture markets with over 10,000 customers globally.

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.

The Ropes & Gray team was led by private equity partner Helen Croke, with counsel Laura Kayani, associates Nicholas Matthew, Joshua Nicholson, George Taylor, and Hayley Stokes, trainees Charlotte Hoggarth, Alexandra Street and paralegal Alexander Kelly, all based in London. Other members of the team included partner Rohan Massey and associate Robyn Annetts (data, privacy & cybersecurity); partner Chris Agnoli and associate Benjamin Wonnacott; associates Abbey Shaw and Rosie Bell (private equity real estate); partner Bob Rivollier and associate Marie Bogenez (private equity US); partner Oliver Nip and associate Sharon Shi (private equity, Hong Kong).