Fusion Corporate Partners

DMGT has issued an update on the Group’s progress in the current year. It covers the six-month period to the end of March 2012.

Summary

–       Solid Group revenue performance, up 2% underlying

–       Good underlying growth from B2B operations

–       Resilient revenue performance at Associated; circulation and digital revenue growth largely offsetting print advertising weakness

–       Active portfolio management; targeted acquisitions and disposal of non-core assets

–       Outlook for the year remains unchanged.

Acquisition activity

Active portfolio management has seen further bolt-on acquisitions, including:

–       Intelliworks – a top provider of relationship management solutions for higher education (dmgi – Hobsons)

–       PrepMe – a leader in adaptive learning technologies and test preparation programs (dmgi – Hobsons)

–       SpringRock – a cutting-edge provider of dynamic production forecasts for the oil & gas industry (dmgi – Genscape)

–       Global Grain Geneva and Global Grain Asia – international grain trading conferences (Euromoney) (A Fusion deal – click here for details)

–       Jobrapido – one of the world’s largest job search engines (Associated -Evenbase)

This continuing portfolio management activity has also seen A&N Media selling its interests in Top Consultant, motors.co.uk and Teletext.

Yesterday, the Office of Fair Trading gave clearance for the proposed merger between the Digital Property Group and Zoopla to go ahead.

Read the full announcement here

UK, London

Related articles:

• OFT clears the merger between the Digital Property Group and Zoopla Posted onApril 16, 2012
• DMGTacquires Jobrapido Posted on April 16, 2012
• FindaProperty, Primelocation and Zoopla to merge to take on Rightmove Posted onNovember 7, 2011
• DMGT sells GLM to Providence Equity Partners Posted on October 4, 2011
• DMGT trading update September 2011 Posted on September 28, 2011
• DMGT to sell GLM, the United States’ largest privately-held tradeshow management company Posted on June 10, 2011
• DMGT in “informal” talks to buy Express Newspapers Posted on April 4, 2011
• Could DMGT sell Northcliffe? Posted on November 28, 2010
• DMGT back on the acquisition trail? Posted on November 25, 2010
• Associated Northcliffe Digital acquires 50% of Globrix Posted on January 24, 2010
• Associated Northcliffe Digital buys Dothomes.co.uk and Extate.co.uk Posted on February 1, 2010
• Associated Northcliffe Digital acquires 50% of Globrix Posted on January 24, 2010
• Euromoney Institutional Investor to acquire Ned Davis Research Group for £69M Posted on June 21, 2011
• Euromoney Institutional Investor PLC acquires Arete Consulting Posted on August 13, 2010
• Euromoney sells EIC to Broadfern September 2007