DVV Media Group GmbH acquires Road Transport Media Ltd

DVVHamburg-based DVV Media Group GmbH has acquired Road Transport Media Ltd (RTM), based in Sutton, Surrey.

With its print, web and event portfolio, RTM is a leading provider of specialist information and media services for the road freight industry and commercial vehicle sector in the UK. Its portfolio includes long-established print titles Commercial Motor, Motor Transport, and Truck & Driver. With a combined circulation of more than 40,000 copies, RTM reaches all relevant players in the industry. RTM also has a comprehensive online presence, including a digital marketplace, as well as smartphone apps.

commercial_motorRTM runs various events such as Freight in the City, Tip-ex, and Tank-ex. Its flagship Motor Transport Awards, which has been taking place in London for more than 30 years, highlights outstanding achievements in the area of road freight transport and is attended annually by more than 1,500 senior industry decision makers.

DVV Media UK is the publisher of rail and air freight industry titles including Railway Gazette International and Air Cargo News. With the acquisition of RTM, DVV Media Group is significantly expanding and strengthening its presence in the UK market.

CEO, Martin Weber says: “The acquisition of Road Transport Media is an important milestone in the further development of our international publishing activities.”

currentcoverDVV Media Group GmbH, a sister company of the Rheinische Post Media Group, has more than 200 employees and produces over 30 business to business publications in the transport & logistics, maritime, rail, public transport, travel/conferences, and defence sectors. The publishing portfolio includes newsletters, specialist books, reference works, websites and apps. DVV Media Group also organises events and conferences.

Germany, Hamburg & UK, Sutton, Surrey

Progressive Digital Media Group acquires GlobalData Holding Limited

progressiveProgressive Digital Media Group Plc is to acquire GlobalData Holding Limited, a company owned by Mike Danson (Executive Chairman of Progressive Digital Media Group) and Wayne Lloyd for approximately £66.5 million.

On completion the company name will be changed to GlobalData plc. Bernard Cragg will be appointed as Chairman, Michael Danson as Chief Executive Officer and Simon Pyper as Chief Financial Officer

The Company has also announced that its subsidiary, PDMH, has also conditionally agreed to dispose of the entire issued share capital of PTML (a company which holds Progressive’s non-core B2B assets) to Research Views Limited, a company also controlled by the Vendors, for a consideration of £1, together with the indirect assumption by the Company of an inter-company loan of £4.5 million owing by PTML to PDMH.

A General Meeting of the Company will therefore be held on 19 January 2016 for Shareholders to approve the acquisition and disposal.

UK, London

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A Fusion Deal: Creditflux sold to Mergermarket Group

CreditfluxFusion Corporate Partners are pleased to announce the completion of the sale of Ceditflux to Mergermarket Group.

Fusion Corporate Partners acted as corporate advisor for Creditflux. The Fusion team was led by Paul Slight, Director at Fusion. The terms of the deals were not disclosed.

Founded and headquartered in London, Creditflux is the authoritative provider of intelligence, analysis, data and events covering CLO and credit fund pricing, investments, trading and returns.

“I am delighted that Creditflux is joining forces with Mergermarket Group, a company which shares our relentless focus on providing original and insightful intelligence to the fixed income community,” said Mike Peterson, Managing Editor and founder of Creditflux. “The combination of Debtwire, Xtract Research and Creditflux will create an information power house for the global credit market.”

The acquisition accelerates the global expansion of Mergermarket Group’s extensive real-time fixed income intelligence and data provision. The company’s Debtwire and Xtract Research products already deliver insight and analytics on corporate high yield, distressed and restructuring situations.

mergermarket“We are very excited to fortify the growth story of our global fixed income division with the acquisition of Creditflux, a highly regarded and trusted source of CLO and credit fund intelligence and data,” commented Hamilton Matthews, CEO of Mergermarket Group. “For the past decade, Debtwire and Xtract Research have blazed a trail of market-leading coverage in the field of corporate debt analysis. Creditflux provides valuable analysis of fixed income investors, giving our valued subscribers access to deeper analysis of the full credit investment cycle.”

Paul Slight, Director at Fusion, said “We have known Mike and the key shareholders at Creditfux for many years and they thoroughly deserve their reward for the hard work that has gone into building a business brand of high editorial integrity. The fit with MergerMarkets was evident from the start at a business and cultural level and I am sure Mike and his team will be able to take advantage of the commercial knowhow and international presence MergerMarket offers. This is the second transaction we have concluded with MergerMarkets in the last 3 months and on both occasion they have acted with the highest level of sensitivity during both the negotiations and completion process”

UK London

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The Fusion Team has completed over 80 UK and cross border Media, Business Information & Technology, Exhibitions & Conferences, Energy & Environmental Services, Business Support Services, TV Broadcast & Production, Healthcare and Online Commerce transactions.

Recent transactions include:

Media & Business Information

Business Support Services and Energy & Environmental Services

Exhibitions & Conferences

Healthcare

Broadcast

 

Bloomsbury acquires six LexisNexis and Jordan family family law titles

DuckworthBloomsbury Publishing is to acquire six LexisNexis and Jordan family family law titles from RELX for £1.4m. The titles include Duckworth’s Matrimonial Property & Finance and Hershman and McFarlane: Children Law and Practice. They are all sold in loose-leaf format and are available in online digital format.

Gross profits to 31st March 2015 for the combined titles were £0.8 million on revenues of £1.1m.

The consideration will be paid in two equal instalments, the first on completion and the second six months later. Completion of the acquisition is conditional on the CMA approval of RELX’s acquisition of the Jordan publishing business, a ruling on which is expected in January 2016.

Bloomsbury’s preliminary results for the full year ending 29th February 2016 will be announced on 19th May 2016.

UK, London

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Bloomberg to acquire Barclays Risk Analytics and Index Solutions Business

BloombergBloomberg L.P. is to acquire Barclays Risk Analytics and Index Solutions Ltd. (“BRAIS”) for around £520 million.

BRAIS is a provider of benchmark and strategy indices, portfolio analytics, risk and attribution models, and portfolio construction tools. BRAIS’s benchmark indices span global markets covering multiple asset classes, most notably the Barclays Family of Aggregate Bond Indices.

“As financial markets continue to evolve, our clients need and expect the index business to evolve too,” said Michael R. Bloomberg. “Combining the market-leading Barclays indices and their superb team with our data management, analytics and distribution will provide more independence, liquidity and transparency to the marketplace, improve industry innovation and further meet the diverse needs of our global client base.”

Bloomberg has also increased its investments in PORT, the company’s multi-asset portfolio risk and analytics tool that has seen significant growth over the past five years. The Company intends to accelerate its investments in this area by acquiring the intellectual property in POINT, Barclays’ portfolio analytics solution, and incorporating BRAIS IP into PORT. Barclays has agreed to continue to operate POINT for 18 months post completion in order to help clients transition to PORT.

Bloomberg and Barclays will maintain a co-branding arrangement on the benchmark indices for an initial term of five years.

The transaction is expected to be completed by mid-2016.

USA, New York, NY & UK, London

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WPP’s Sudler & Hennessey acquires majority stake in System Analytic in Lon

WPP’s wholly-owned operating company, Sudler & Hennessey, a global healthcare marketing and communications network, has acquired a majority stake in healthcare key opinion leader engagement company, System Analytic.

System Analytic’s database and online tools enable pharmaceutical companies to identify, map, and engage key opinion leaders across a broad range of medical fields. Clients include Boehringer Ingelheim, Novartis and Roche.

Founded in 2007, the company employs around 20 people in London. Unaudited revenues for the year ended 5 April 2015 were £2.1 million, with gross assets at the same date of £1.0 million.

UK, London

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UBM sells PR Newswire to Cision

 

PR NewswireUBM plc has agreed to sell PR Newswire to Cision, a provider of public relations software, for $841m.

Cision, which is controlled by Chicago-based private equity group GTCR, acquired media monitoring group Gorkana from private equity group Exponent for £200m last year.

PR Newswire had revenue of 195.8 million pounds in 2014, about 26 percent of UBM’s total revenue.

Terms of the deal:

  • The total sale price is $841m, $810m in cash and $31m of preferred equity
  • The total sale price of $841m is a circa 11.2 times multiple of PR Newswire’s 2014 adjusted
    earnings before interest, tax, depreciation and amortisation. The cash value of $810m represents a circa 10.8 times multiple.
  • £245m is proposed to be returned to shareholders by way of a special dividend.
  • Net cash proceeds received on completion are expected to be approximately £498m after adjustments for transaction expenses, debt-like items, tax and a contribution of £10m to UBM’s pension scheme

The agreement is subject to anti-trust clearance in the US. Completion is expected late in Q1 2016

Tim Cobbold, Chief Executive of UBM plc, said: “Today’s announcement represents a significant step in the execution of UBM’s “Events First” strategy, the objective of which is to become the world’s leading focused B2B Events business. The Board is confident that this transaction realises excellent value for our shareholders.

Following the successful acquisition of Advanstar in 2014, the disposal of PR Newswire further increases our focus on the attractive, high growth and high margin events sector with more than 80% of UBM’s continuing revenues generated in Events. In addition, the retained sales proceeds will increase our capacity to invest in bolt-on acquisitions to strengthen the portfolio and grow the
business faster, whilst maintaining appropriate financial discipline.”

UK, London & USA, Chicago, IL

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