Finovate Has Been Sold to Corporate Giant Informa

  • JJ Hornblass
  • June 23, 2016
  • 2

numbrs_finovatefall2013bThe Finovate Group, the fintech event and information venture, has been sold to Informa Plc.

The sale closed in April, but has not been publicly disclosed. Terms of the deal are not known.

Jim Bruene, owner of The Finovate Group, confirmed to Bank Innovation that the company has been sold.

Redwood Capital Group, a boutique investment bank based in New York, represented Finovate in the transaction. Redwood has advised several events companies in M&A in recent transactions.

The Finovate Group presents the Finovate series of events, which are comprised of financial technology demos. Finovate offers four events today, three under the “Finovate” brand and one called FinDEVr, which is geared toward software developers. Finovate launched its events business in 2007. Before that, Bruene solely published the Online Banking Report, a newsletter he founded in 1995. The newsletter was sold in 2014.

Another major fintech events company, Money2020, was sold in 2014 to i2i Events Group.

Informa, a publicly traded information company based in London, traces its roots back to 1734. The company employs about 6,500 and generated around $1.8 billion of revenue last year. About 32% of its revenue comes from events, Finovate’s main business. Finance is one of several industries Informa serves. The company has a current market capitalization of approximately $6.4 billion.

3 - Readers Like This Post

JJ started the first iteration of Bank Innovation back in 2007, and has been working on it ever since. He also serves as President & Chief Executive Officer of Royal Media, Bank Innovation’s parent. He founded Royal in 1995 and oversees all aspects of the New York-based diversified media company. Prior to forming Royal, JJ was on the editorial staff of American Banker, the daily newspaper, and worked as an editor of a business magazine in Hong Kong. As a reporter and editor, he has won journalism awards from the National Press Foundation, Newsletter & Electronic Publishers Foundation, and the Reader’s Digest Foundation. He has a BS in Economics from Yeshiva University and a Master’s from the Columbia University Graduate School of Journalism. He was also a Fellow at the University of Wisconsin-Madison Graduate School of Banking. He lives in New York City with his wife, two daughters, and son. He counts among his accomplishments one New York City Marathon, two New York City Triathlons and the 2010 Father’s Day 5K, the first race he ever ran with his daughters. He can be reached at hornblass@gmail.com or 212-564-8972.

  • googleplus

2 thoughts on “Finovate Has Been Sold to Corporate Giant Informa

Leave a Reply