Apax funds to buy techoraco and Institutional Investor from Delinian

What's the deal? Funds advised by Apax PartnersDealroom has a profile for this one. Try Dealroom → have agreed to acquire two events businesses — techoracoDealroom has a profile for this one. Try Dealroom → and Institutional InvestorDealroom has a profile for this one. Try Dealroom → — from DelinianDealroom has a profile for this one. Try Dealroom → in two separate transactions. Financial terms were not disclosed. The deals remain subject to regulatory approvals and customary closing conditions.

What each company does: techoraco runs events for the digital infrastructure market, connecting decision-makers across connectivity, data centres, cloud, finance, and energy. Institutional Investor operates an event-based membership platform linking asset managers and institutional allocators, built over a 50-year history.

What's the endgame? Apax wants to build an events portfolio of distinct brands, each keeping its own identity and community. It plans to invest in both businesses and add "further complementary brands over time," said Mark Sykes, principal at Apax.

Why now? Both businesses serve growing end-markets, particularly digital infrastructure, which is riding demand for connectivity, data centres, and compute. Apax pointed to "strong structural tailwinds" across these segments.

The rationale: The two operate market-leading events with loyal senior audiences and long-standing customer ties, said Steve Kooyers, partner at Apax. For Delinian, the sale sharpens its remaining portfolio of data, insights, and events companies.

The signal: The deals reflect steady private equity appetite for events and intelligence platforms with recurring, relationship-driven revenue. By buying two businesses at once and signalling more to come, Apax is positioning to consolidate a fragmented sector under a single owner.

Read more: apax.com