Allured Business Media acquires Creative Age

Allured Business Media has acquired publishing house Creative Age.

Creative Age was founded in 1971 by CEO Deborah Carver. Its brands include medical aesthetic brand MedEsthetics, professional nail brand NAILPRO, professional salon brand Beauty Launchpad and spa professional brand DAYSPA, along with its associated sub-brands and the NAILPRO events.

Allured Business Media already owns professional spa publication Skin Inc., fragrance and flavor formulation brand Perfumer & Flavorist, cosmetic business brand Global Cosmetic Industry and cosmetic science and technology brand Cosmetics & Toiletries.

Allured CEO George Fox noted, “We have a vested interest in all things beauty here at Allured, and this gives us the opportunity to build our breadth in beauty and personal care to include so many more touchpoints in professional spa and salon.”

Allured Business Media plans to utilize its digital and event expertise and the success of Creative Age to round out and expand the business. This will include a focus on content and engagement across all mediums to fully serve the business and educational needs of the salon and spa market.

Allure’s press release states that many Creative Age staff will remain after the transition, including editors, sales managers and CEO Deborah Carver. The terms of the deal were disclosed.

USA, Carol Stream, IL & Van Nuys, CA

CB Insights acquires VentureSource data from Dow Jones

CB Insights has acquired the data assets of VentureSource, a comprehensive portfolio relating to venture capital markets, from Dow Jones

The VentureSource database provides detailed and comprehensive data on venture-backed companies – including their investors and executives – in every region, industry, and stage of development throughout the world. This data helps customers find deal and partnership opportunities, perform comprehensive due diligence, and examine trends in venture capital investment, fundraising, and liquidity. 

The acquisition expands CB Insights’ private company data with data going back to 1983, including:

  • Private company valuations 
  • Management team information 
  • Data on deal service providers, including law firms and investment banks 

With the addition of the VentureSource database, CB Insights strengthens its position as a leader in emerging technology information and private market data.  

“Having the deepest and most complete data on emerging technology companies and technology markets is what our clients rely on CB Insights for, and the acquisition of the VentureSource database from Dow Jones furthers that mission,” said Anand Sanwal, CEO and co-founder of CB Insights. “Whether our clients are looking for technology vendors, partners, M&A targets and/or investments, they are now better equipped to discover and understand these companies and tech markets with the Dow Jones data we’ve acquired as a result of this transaction.”  

“CB Insights is well positioned to take VentureSource into its next chapter, in a way that provides even more value for customers,” said Chris Lloyd, head of Dow Jones’s Professional Information Business. “VentureSource’s high-quality data was developed through proprietary research and using content within Factiva — Dow Jones’s global database of more than 33,000 trusted news and information sources.”

CB Insights has also entered into a licensing arrangement with Dow Jones, which will see it provide a limited set of research reports and company data for Factiva. 

USA, New York. NY

CloserStill Media acquires eCommerce trade shows in Spain

CloserStill Media logoCloserStill Media, organiser of eCommerce Expo in the UK as well as eCommerce Expo Asia, has acquired two eCommerce events taking place in Barcelona and Madrid, Spain, from organiser E World for an undisclosed sum.

In addition to the eShows, CloserStill also acquired the 1-2-1 eForum events held each year in the Spring and Autumn which hosts Spain’s largest online retail buyers for two days.

The eShows in Spain become part of CloserStill’s expanding portfolio of enterprise technology events, which includes events in London, Paris, Frankfurt, Singapore and Hong Kong attended annually by more than 75,000 delegates with more than 1,200 speakers and 900 exhibitors.

The E World team, headed by managing director Agustin Torres, has joined CloserStill Media Tecnología in Barcelona. CloserStill plans to expand its technology events portfolio in Spain with a roll-out of its international technology brands from 2020.

Sophie Baker-Davis, head of CloserStill’s technology portfolio, said, “We are excited about the opportunities in the Spanish marketplace. The online retailing world is making great strides in Spain. We are delighted to be working with Agustin and his team and look forward to investing with him to accelerate the growth and importance of the eShows to the e-commerce sector and to integrate them into our international technology and e-commerce network”.

The next upcoming event is eShow Madrid 2019 on 29-30 October, which will see the introduction of a new VIP Concierge programme and takes place at IFEMA with over 10,500 delegates and 130 exhibitors expected.

UK, London & Spain, Madrid & Barcelona

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Ubisoft acquires Green Panda Games

Ubisoft logoUbisoft has acquired a 70% stake in Green Panda Games, a leading publisher of free-to-play mobile games, specialized in hyper-casual games. The terms of the transaction were not disclosed.

Founded in 2013 and based in Paris, Green Panda Games develops and publishes games in the idle genre. With a 30-person team, Green Panda Games has launched more than 55 games since its creation, downloaded by some 85 million players worldwide. Many of its games have been instant hits, such as Bee Factory, Sushi Bar and Terrarium. Green Panda Games will bring to Ubisoft a sharp editorial vision in the idle games segment, data-based iterative creative processes and expertise in both user acquisition and ad monetization strategies.

Commenting on the deal, Jean-Michel Detoc, Executive Director of Ubisoft Mobile, said, “This acquisition strengthens our position in the hyper-casual market, particularly within the idle games segment. Bringing Green Panda Games into the Group fits seamlessly with our aim of offering a diversified and high-quality line-up of mobile games to an ever-wider audience. We are very excited that this talented team is joining Ubisoft’s creative force”.

France, Montreuil & Paris

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Future plc acquires SmartBrief for USD 45M

Future plc logoFuture plc has acquired SmartBrief Inc., a US-based digital media publisher of targeted business news and information for USD 45 million. The initial amount will include a cash consideration of USD 32.2 million funded from the Group’s existing debt facilities, with a further USD 12.8 million to be satisfied through the issue to the vendors of 1,027,492 new ordinary shares. The agreement also includes a deferred consideration based on certain financial targets achieved over the year ending 31 July 2020, which is subject to a cap of USD 20 million.

Leveraging proprietary technology and editorial expertise, SmartBrief delivers relevant industry news in partnership with trade associations, professional societies and corporations. SmartBrief owns a database of over 5.8 million subscribers made up of senior executives, thought leaders and industry professionals.

Founded in 1999 and based in Washington DC, SmartBrief creates and distributes more than 250 digital newsletters, allowing advertisers to target and engage with decision-makers and influencers across multiple sectors including food and travel, business, education, finance, health care, retail, tech, marketing and advertising. During 2018 Future extended its successful consumer strategy into B2B through the acquisition of NewBay Media in the US, which enabled Future to access the B2B market with several market-leading titles.

Zillah Byng-Thorne, CEO of Future, said, “The acquisition of SmartBrief will substantially boost our presence and market position in the B2B sector and enhance our technology capabilities.”

“SmartBrief is a leading, respected provider of sector-focused newsletters and daily email briefings covering a range of key verticals. The addition of SmartBrief’s must-read information products to our portfolio will further extend the reach of our B2B operations. The acquisition will be earnings enhancing, and we have identified several exciting opportunities to leverage SmartBrief’s proprietary technology in both our B2C and B2B business.”

UK, London & USA, Washington DC, WA

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IHS Markit and Informa exchange business units

IHS MarkitFinancial data company IHS Markit and Informa, the international exhibitions, events, information services and scholarly research group, have exchanged the majority of the IHS Markit Technology, Media and Telecoms intelligence business for Informa’s Agribusiness Intelligence Informa plcgroup.

The agreement values the two exchanged businesses at equivalent EBITDA multiples, with Informa contributing an additional $30 million cash to IHS Markit to reflect the larger EBITDA contribution from the TMT business. IHS Markit will retain RootMetrics, its benchmarking business and a portion of its market intelligence business. Both transactions are expected to close in July 2019 and are subject to customary closing conditions, including US regulatory approval.

IHS Markit confirmed that the transaction will not affect its capital allocation strategy to delever its debt ratio below 3.0x and complete USD 500 million in share repurchases in 2019.

Lance Uggla, CEO of IHS Markit said, “The Informa Agribusiness Intelligence portfolio is a clear extension of our Chemical and Downstream businesses and builds our existing data, pricing, insights, forecasting and news services within our Resources segment. Agriculture is the largest end chemical market in the world and this transaction expands our capabilities into fertilizers and chemical crop protection, while substantively expanding our capabilities in biofuels.”

UK, London

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ION Investment Group to acquire a controlling stake in Acuris

AcurisION Investment Group is acquiring a controlling stake in Acuris, a global provider of proprietary financial intelligence, data and analytics, from BC Partners and GIC, Singapore’s sovereign wealth fund.

The terms of the deal were not disclosed. However, the FT quoting “three people with direct knowledge of the deal” describe it as a £1.35bn deal. BC Partners and Acuris management are reinvesting and will retain minority ownership.

The Company, then named Mergermarket, was founded in 1999 and acquired by Pearson in 2006 for £101 million plus a subsequent earn-out. In 2015 Mergermarket was acquired by BC Partners from Pearson plc for £382 million. GIC acquired a 30% stake from BC Partners on 2017.

Previous reporting

With nearly 1,500 employees in 66 different locations worldwide, Acuris provides proprietary insights and analytics across six key financial areas: fixed income, transactions, equities, compliance, infrastructure and research. Acuris’ differentiated content and products, including Mergermarket, Debtwire and several others.

Andrea Pignataro, ION’s CEO and Founder said “Acuris’ leading position in financial intelligence, data and analytics is highly complementary to ION’s business. Together, ION and Acuris will continue to deliver innovative, differentiated intelligence and solutions to financial institutions and corporations. We are looking forward to partnering with BC Partners to support the company’s growth and development.”

UK, London

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Mark Allen Group to acquire Centaur Media’s engineering portfolio for £2.5M

Mark Allen GroupThe Mark Allen Group, a specialist information provider and event organiser, has agreed to purchase Centaur Media Plc’s engineering portfolio, including The Engineer and Subcon for £2.5 million. The terms of the transaction were not disclosed.

This transaction follows MAG’s purchase of 12 publishing brands in the aviation, automotive and arena sectors from UKi Media & Events Limited last week.

The engineering portfolio includes the market’s leading website, magazine and events, and has deep industry relationships and a diversified client base. The Engineer is one of the UK’s longest-running business publications and is supplemented by Subcon, which is an event for subcontract manufacturing professionals.

The sale comes as Centaur continues the divestment of its smaller businesses following the conclusion of a strategic review last October and its decision to improve operational execution by focusing on its leading brands. The transaction is expected to complete on 31 May.

Ben Allen, Chief Executive of Mark Allen Group, said, “The acquisition of these premium brands is part of our strategy to target well-established products in markets where we believe there are exciting growth opportunities. These assets will further strengthen our existing manufacturing and engineering publishing and event portfolio, which includes titles such as New Electronics and Eureka, as well as the Engineering Design Show.”

UK, London

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Byron Allen’s Entertainment Studios acquires Bayou City Broadcasting for $165M

Entertainment StudiosEntertainment Studios, Inc., one of the US’s largest independent producers and distributors of film and television, with 43 shows on the air, and owner of nine 24-hour HD television networks serving nearly 160 million subscribers, has acquired Bayou City Broadcasting Evansville, Inc., and Bayou City Broadcasting Lafayette, Inc for $165 million. Founder Byron Allen is purchasing the station groups through his company, Allen Media Broadcasting LLC. The terms of the transaction were not disclosed.

Byron Allen, who recently joined Sinclair Broadcast Group to successfully acquire the Fox/Disney 21 Regional Sports Networks for $10.6 billion, and also purchased The Weather Channel in 2018, has publicly stated he has been aggressively pursuing additional media assets to purchase. The purchase of these four Bayou City Broadcasting entities — WEVV (CBS) & WEEV (Fox) in Evansville, Indiana and KLAF (NBC) and KADN (Fox) in Lafayette, Louisiana — provides Allen’s television unit with a broader audience and strategically positions the company in broadcast and digital media.

Bayou City Broadcasting Owner/President/CEO DuJuan McCoy said, “Byron Allen is a visionary, and a brilliant entrepreneur who always gets it done. [His] companies, which exemplify excellence, are perfectly positioned to continue the strong tradition these stations have in serving their communities.”

Allen’s expansion into broadcast television is the latest step Entertainment Studios has taken in further expanding the global reach of its programming and content. The Entertainment Studios divisions now include: broadcast television network affiliates, streaming services, broadcast television syndication, production and distribution of 43 television programs, nine 24/7 HD television networks, theatrical motion picture production, acquisition and global distribution, digital movie acquisition and distribution, and global news publishing – making Entertainment Studios one of the largest privately-held media companies in the world.

USA, Los Angeles, CA & The Woodlands, TX

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DVV to acquire Centaur’s HR portfolio for £5M

DVV Media InternationalDVV Media International Ltd is to acquire Centaur Human Resources Ltd from Centaur Media PLC for £5 million. The deal is expected to complete at the end of April.

The sale of the HR business follows the recent disposals of Centaur’s financial services business, including brands such as Money Marketing and Mortgage Strategy, and its travel and meetings exhibitions, including the Business Travel Show and the Meetings Show, which will raise in aggregate £14.25 million. The company announcement reported that negotiations for the sale of other businesses are continuing.

centaur-logoThe portfolio of products includes the website and exhibition covering the employee rewards and benefits sector, Employee Benefits; along with the Forum for Expatriate Management, a service for companies with overseas employees.

“This is a very significant acquisition for our business,” said DVV Media International Managing Director Andy Salter. “Building on the strength of our existing Personnel Today brand, the new additions to the portfolio substantially increase our offering to the HR and recruiter services sector. Both Employee Benefits and the Forum for Expatriate Management have a powerful reputation. This is a perfect fit and we are looking forward to working with the new teams to develop our portfolio further.”

The Centaur HR portfolio consists of the following brands and activities:

  • EmployeeBenefits.co.uk: Digital resource for the UK’s reward and benefits industry, supplying news, analysis and research.
  • Employee Benefits Live: Dedicated reward and benefits exhibition with around 2000 visitors and 100 exhibitors and a comprehensive conference programme.
  • Employee Benefits Connect: Conference for senior reward and benefits decision makers.
  • Forum for Expatriate Management: Worldwide community for global mobility professionals. FEM serves the sector through 3 Confex and Awards events (US, APAC, EMEA), a European Confex, research reports, and through the provision of information and news online.

DVV’s current HR brands and events include Personnel Today, Personnel Today Awards, Personnel Today Jobs, Occupational Health & Wellbeing, WhatMedia and the RAD Awards.

All staff currently employed at Centaur Human Resources are expected to remain with the business and the company will remain in central London at DVV’s office there.

UK, Sutton & London

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DVV Media International

Centaur Media