TheStreet to sell institutional business units for $87.3M

Montclair-based 180 Degree Capital Corp. announced its portfolio company, TheStreet Inc. has agreed to sell its institutional business units for $87.3 million to Euromoney Institutional Investor, a business information and events group.

TST’s institutional business units, which includes The Deal and BoardEx, had an aggregate revenue of $23.8 million in 2017. TST currently has offices in New York, London, Wisconsin, Washington, D.C., San Francisco and Chennai, India.

The deal is expected to close in the first quarter of 2019.