Remote meetings firm LoopUp has today announced the acquisition of conferencing services provider MeetingZone from GMT Communications Partners.The deal, which is worth around £61.4m, constitutes a reverse takeover, and so is still subject to share holder approval. Money for the acquisition was raised through a £17m loan on top of £50m in cash through 12.5m shares at 400p each
Press release: Following the announcement, in November 2017, of a process being under way to dispose of EDR, the US property information business, DMGT announces that a sale has been agreed. Silver Lake Partners and Battery Ventures, two leading private equity investors with experience in growing technology, data and software businesses and investing in evolving business models, will acquire EDR for $205 million
Meredith Corp today announced that it has entered into a binding agreement with Epiris Fund II to sell Time Inc. UK. Formerly owned by Time Inc., Time Inc.was acquired by Meredith on January 31, 2018. Financial terms of the transaction are not being disclosed.
Press Release: Euromoney Institutional Investor PLC (“Euromoney”), the international business information and events group, today announces that it has reached a binding agreement to sell its Global Markets Intelligence Division (“GMID”), consisting of CEIC and EMIS, to a consortium of CITIC Capital Partners Management Limited (“CITIC Capital”), the private equity arm of CITIC Capital Holdings Limited, and Caixin Global Limited (“Caixin”), (“the Consortium”), for an equity value of $180.5 million
Preyss Release: London based Clarion Events, one of the world’s leading independent events organisers, has completed a merger with Global Sources, a leading Asian exhibitions and online B2B marketplace operator based in Hong Kong. Funds managed by Blackstone will control the combined group. Terms of the transaction were not disclosed
Thomson Reuters is in advanced discussions for a sale of part of its financial and risk business, its largest unit by revenues, to US private equity firm Blackstone. The company confirmed in a statement on Tuesday that it was considering a sale of a stake in the business to Blackstone but would retain an interest in the unit.
A former Ministry of Defence mandarin is trying to buy the magazines Marie Claire, Wallpaper and NME for as much as £150m.
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Bowmark Capital sells Law Business Research to Levine Leichtman Capital Partners
Wed, 27/12/2017 – 11:25
Bowmark Capital has sold Law Business Research (LBR), a provider of research, news, data and insight on international business law and legal markets, to Levine Leichtman Capital Partners (LLCP). Established in 1996, LBR creates essential and unique content spanning 120 jurisdictions across its brands, serving a client base that comprises major corporations, government agencies and the global legal industry. It is a leading information provider in fields such as competition law, arbitration law, cross-border investigations and Latin American corporate law
Baring Private Equity Asia and CITIC Capital bought WSE for around $300m (£225m), but the deal is only expected to improve Pearson’s debt by around $100m – a “paltry sum”, according to analysts at Liberum.
Private equity giant Carlyle Group and financial media firm Euromoney Institutional Investor have sold a controlling stake in content and analytics platform Dealogic, generating a hefty return
WPP is preparing to lock horns with Bain Capital in Tokyo, after the Boston-based private equity firm launched a $1.3bn tender offer for Japan’s third-biggest advertising agency — a long-term business partner of the UK-listed giant. Just hours after Bain’s offer was made public, people close to WPP said on Monday night that it did not intend to sell its 24.7 per cent stake in Asatsu-DK (ADK) at the ¥3,660 price offered by Bain, as the tender “severely undervalues” the Japanese firm.
The US publishing giant Time Inc is in talks with Epiris about a takeover of its UK magazines subsidiary, Sky News learns.
City A.M. understands that US private equity firm Blackstone, which owns stakes in businesses such as fashion house Versace and camera brand Leica, is set to buy Clarion Events for around £600m.
Blackstone Press Release: London, July 24, 2017 – Private equity funds managed by Blackstone (“Blackstone”) announce the acquisition of Clarion Events, one of the world’s leading independent events organisers, from private equity funds managed by Providence Equity Partners (“Providence”).
Richard Desmond has opened the books of his newspaper and magazine business as it progresses towards a sale, City A.M. understands
Press Release: Stockholm, Sweden: 17 May 2017: Readly, the digital magazine newsstand, today announced it has raised €13m in additional funding to drive the next stage of its development. The series B funding has been provided by funds managed by Zouk Capital and Hermes GPE as well as from existing shareholders. Channel 4’s Commercial Growth Fund and Aggregate Media Fund have also participated in the round. The company will use the funds to further its international expansion and support growth in its existing markets.
Epiris’ portfolio company AXIO Group scored a 5-times return and a 79 per cent IRR through the £455m sale of TechInsights to Oakley Capital. TechInsights is an intellectual property and technology service provider, offering consulting, patent brokerage and technical reverse engineering.
AXIO Group today announced that it has completed the sale of AXIO Aviation Holdings Ltd (“OAG”) to funds managed by Vitruvian Partners for approximately $215m.
Magazine publisher Square Up Media is set to acquire media company Factory Media, publishers of Dirt and Cycling Magazine UK, for an undisclosed sum
Sky News has learnt that Hubert Burda, which publishes the YourHome and Wedding lifestyle magazines, is putting the finishing touches to a takeover of Immediate Media, which has been owned by Exponent Private Equity since 2011
