Reuters sells Yankee Group subsidiary

Reuters sells Yankee Group subsidiary

Analyst house The Yankee Group has been acquired from Reuters by Monitor Clipper Partners and a group of private investors.

Reuters began looking for a buyer for Yankee Group and complementary research house Tower Group in September last year as part of its Fast Forward disposal programme. Tower Group was offloaded to MasterCard Advisors in February.

Among the private investors buying into Yankee Group is Ted Philip, the former president, COO and CFO of Lycos.

Reuters bought Boston-based Yankee in 2000 for around $72.5 million - today's sale price is certain to be some way below this mark.

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