Bowmark Capital backs buy-out of IWSR

Bowmark Capital, the mid-market private equity firm, has backed the buy-out of IWSR, a source of data and intelligence for the $1.5 trillion alcoholic beverage market, from FPE Capital. The terms of the transaction are not disclosed and the buy-out includes a re-investment by the IWSR management team..

IWSR’s database tracks consumption trends across 30,000 brands and 157 countries.  The company has over 200 blue chip customers representing all the major market participants including producers, ingredient manufacturers, investment banks and consultancies. The company’s data and insights help its customers understand channel, distribution and sales trends in all their core markets.

In the just under three years of FPE’s ownership IWSR increased revenues by 110% and increased EBITDA by 160%. It is the first exit for FPE from its second, spin-out fund which closed in 2017. The company also recently completed the acquisition of Wine Intelligence, broadening its coverage of the wine sector.

Bowmark investment director Tom Elliott said: “We have tracked IWSR for several years and have been impressed by the evolution of the business under the leadership of Mark and his team.  The business continues to capitalise on its unique position in a complex marketplace and has an exciting pipeline of new products to deliver additional value to its customers.  We are delighted to be backing the company in its next stage of growth.”

Mark Meek, CEO of IWSR, commented: “I am delighted with the progress the business has made in the last few years.  We are an ambitious team and are keen to work with Bowmark to continue to grow IWSR and expand the product portfolio and customer value proposition.  As we got to know Bowmark, it became clear that they really understand our sector and can help us accelerate our growth.”

UK, London

Daily Mail and General Trust plc sells EdTech business business Hobsons in two separate transactions

Daily Mail and General Trust plc is to sell Hobsons, its EdTech business, in two separate transactions, for total proceeds of approximately $410 million.

Hobsons’ Naviance and Intersect businesses are being sold to US-based PowerSchool, a provider of K-12 education technology solutions, for approximately US$320m, and are expected to be part of PowerSchool’s unified platform.

Hobsons’ Starfish business, after an internal restructuring where it will be spun-out from the rest of Hobsons, is being sold to EAB, a US-based education company, for approximately US$90m.

In FY 2020, Hobsons generated £6m adjusted operating profit from revenues of £85m.

Paul Zwillenberg, DMGT CEO, commented: “These two transactions mark another major milestone in DMGT’s transformation and are a clear demonstration of the benefits of our strategy. Hobsons was restructured in 2017 to focus on high-growth opportunities in Student Success. The combination of operational execution and organic investment drove a significant increase in capital value.

Consistent with our strategy, the divestitures will increase the focus of the DMGT portfolio, resulting in the Group operating in four sectors, compared to ten in 2016. The proceeds will strengthen DMGT’s existing net cash position, further enhancing DMGT’s significant financial flexibility.”

UK, London & USA, & USA, Folsom, CA & USA, Washington, DC

Related articles

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

Bloomsbury Publishing acquires Zed Books assets

Bloomsbury Publishing Plc (“Bloomsbury”) announces today that it has acquired certain assets of Zed Books Limited, the London-based academic and non-fiction publisher. The consideration was £1.75 million, of which £0.875 million was satisfied in cash on completion and the remainder to be paid within 12 months.

Zed will operate within Bloomsbury’s Academic & Professional division and is expected to contribute approximately £0.8 million of revenue to Bloomsbury in its first year. The Acquisition is expected to break even in its first year, before reorganisation and acquisition costs, then be earnings enhancing thereafter, with improved profit following the integration of the business into Bloomsbury.

The acquired Zed titles are a good strategic fit with Bloomsbury’s existing publishing lists, whilst strengthening its offerings in African Studies and Development Studies. With the combined lists of Zed and I.B. Tauris, Bloomsbury is now a leader in academic Area Studies publishing. The Acquisition also enhances Bloomsbury’s Politics and International Relations list.

Jonathan Glasspool, Managing Director of Bloomsbury’s Academic & Professional Division said, “We are delighted to become the new guardian of the prestigious and progressive Zed list. The Zed programme aligns very well with our existing publishing within I.B. Tauris, and complements Bloomsbury Academic’s publishing across a wide range of humanities and social science subjects. Over 40 years, Zed has built up a unique presence in African and Development Studies, an area we wish to grow. We greatly look forward to working with Zed’s wonderful range of authors and partners.”

UK, London

Related articles:

Thomson Reuters acquires Pondera Solutions

Thomson Reuters has acquired Pondera Solutions, a provider of technology and advanced analytics to combat fraud, waste and abuse in healthcare and large government programs. Financial terms of the acquisition were not disclosed.

Thomson Reuters serves government agencies at the federal, state and local level with solutions and resources to improve efficiencies, diminish risk and reduce fraud. The acquisition of Pondera Solutions will enhance the offerings in the risk, fraud and compliance space and will allow Thomson Reuters to expand on its strategic approach to deliver insight through advanced analytics, artificial intelligence and human expertise.

“Thomson Reuters and Pondera share a commitment to serve customers with solutions that reduce fraud by individuals targeting government programs,” said Steve Rubley, president of the Government business for Thomson Reuters. “Pondera will be a key component to the suite of tools available to government customers that use technology, data and human analysis to support their mission and benefit their communities.”

“Government agencies offer and operate some of the largest programs in the world, and that fact alone makes them targets for illicit gains through fraud,” said Jon Coss, CEO and founder, Pondera Solutions. “We have taken the latest technology and advanced analytics to help our clients combat fraud and waste, and by joining Thomson Reuters, we will be able to offer even more to help customers with key insights to minimize risk and reduce fraud.”

Founded in 2011, Pondera Solutions is based in Sacramento and has an office in Florida.

USA, Minneapolis-Saint Paul, MN & USA, Sacramento, CA

Related articles:

MJ Hudson Group acquires Meyler LLC 

MJ Hudson Group plc, the international financial services support provider, has acquired Meyler LLC, a marketing services and analytics business with a full and part time staff of eight, based in New York and Vancouver. Meyler will be integrated into MJ Hudson’s existing marketing and analytics business in the UK, to form a transatlantic offering to asset managers. The acquisition is expected to be marginally EPS enhancing to MJ Hudson Group plc in its first full year of consolidation.

Formed in 2012, Meyler has an established client base in the Private Equity and Hedge funds sectors, with over 50 predominantly North American clients. As such, it will add to both MJ Hudson’s 200+ existing North American clients and 750+ global asset management clients.

Matthew Hudson, CEO of the Group, said, “Meyler is an award-winning marketing services and analytics business in the alternatives space, led by a dynamic management team. Their client relationships and digital media expertise make for a compelling combination with our own MJ Hudson marketing business. Meyler has a particular expertise in the use of digital data and analytics to optimise clients’ communications with investors and would-be investors. As we continue into a new era of asset management, we anticipate greater need in our client base for digital marketing and analytics services. Meyler is a recognised leader in this field.

“This move is another small but important step in our strategy for growth in North America. Meyler is an unregulated business with an entrepreneurial management team, a client base we understand and services we can scale. This deal builds on the 200 clients we already have in the US, the largest single market for alternatives clients and funds, and follows the opening of our New York office announced prior to the IPO.”

UK, London & USA, New York, NY & Canada, Vancouver

Reed Exhibitions acquires ITS America’s World Congress and Annual Meetings

ITSDC2019_Annual MeetingReed Exhibitions has acquired two events from Intelligent Transportation Society of America (ITS America) — the North American-based ITS World Congress and Annual Meetings. The terms of the transaction were not disclosed.

“I am delighted to announce this landmark acquisition and look forward to starting a long-term strategic relationship with the Intelligent Transportation Society of America,” said Hervé Sedky, president of Reed Exhibitions Americas. “We will work together to enhance these market-leading shows and adding value to ITS America’s growing membership base.”

Launched in 1993, ITS World Congress brings together policymakers, entrepreneurs, researchers, academics and investors from the global intelligent transportation and mobility communities for policy discussions on the latest transportation and mobility trends, products and technologies, technical tours and demonstrations, and networking.

ITS American will continue to lead, manage and deliver content for both events. The first joint event with Reed Exhibitions and ITS America is due to take place Oct. 4-8 at Los Angeles Convention Center. With the theme, “The New Age of Mobility,” it will focus on how new technologies and forms of mobility are transforming transportation, ensuring that the future is safer, greener and smarter. Featured technologies will include connected and automated vehicles, privacy and data access, cybersecurity, infrastructure, artificial intelligence and more. About 10,000 ITS professionals from 65 countries, along with 300 exhibiting companies, are expected.

With this acquisition, Reed Exhibitions continues to grow its portfolio of more than 500 events across 30 countries in sectors including security, transportation, lifestyle, media and energy. Will Wise, group vice president of security and technology events, will be Reed Exhibitions’ lead for the ITS America events.

USA, Washington, D.C. & New York, NY

 

Related articles:

Comexposium JV acquires the Indonesia Motorcycle Show (IMOS)

Seven Event, a joint venture platform between Comexposium with Amara Pameran International (API), has acquired the Indonesia Motorcycle Show (IMOS). The terms of the deal were not disclosed.

President Director Seven Event Romi explained that the acquisition is the final step to develop the internationally acclaimed auto show, “GIIAS (GAIKINDO Indonesia International Auto Show) needs to further grow as a brand and become a solid event. The acquisition was the right step to complete the show.” Held since 2015, GIIAS The Series is the biggest automotive exhibition under the management of Seven Event. Its expansion to several Indonesia’s region will allow Seven Event to also expand their portfolio in the automotive based exhibition.

In 2020, Seven Event will hold a total of six exhibitions, covering all sectors of the automotive industry, which include passenger car, commercial vehicle, motorcycle, and the automotive supporting industries. “GIIAS The Series will officially strengthen Seven Event’s footprint as a leading automotive exhibition organizer in Indonesia,” said Romi.

GIIAS 2020 The Series includes GIIAS Surabaya 2020, The 28th GIIAS in Jakarta, GIIAS Makassar 2020 and GIIAS Medan 2020.

France, Paris & Indonesia, Jakarta

Related articles

SAE International acquires SMi Group

SMi logoSAE International, the professional association and standards developing organisation for engineering professionals, has acquired SMi Group Ltd, a United Kingdom-based company that specialises in the production of global events for the aerospace, defense and medical/pharmaceutical sectors. As part of the acquisition, SAE International will merge SMi Group with Tech Briefs Media Group (TBMG) to form the SAE Media Group.

David Schutt, Chief Executive Officer of the SAE Group, welcoming SMi, said, “As an organization, we have historically expanded through a strategic M&A approach, so this move helps us achieve our global goals,” said Raman Venkatesh, Executive Vice President and Chief Operating Officer of SAE International. “The formation of the new SAE Media Group directly supports the priorities and focus of the larger SAE organization, and helps us leverage our broad capabilities.”

SMi Group specialises in coordinating high-level events within its target industries that convene influential thought leaders with speakers to learn, engage and network on the topics most pressing to industry. TBMG, an existing SAE International company, offers a diverse set of print and electronic media resources that deliver unparalleled coverage of the design engineering market across multiple disciplines.

Dale Butler, Managing Director of SMi Group, said: “The expanded SAE Media Group will provide increased diversity of content and allow us to serve SMi Group’s customers and clients with new, innovative products and services, while maximizing growth, synergies and scale opportunities across our combined international products. We are excited about the next chapter of our evolution as a leading producer of specialist business-to-business conferences and look forward to growing as part of the SAE Media Group.”

The acquisition of SMi Group Ltd was approved and finalised by the SAE Board of Directors in January 2020.

USA, Warrendale, PA & UK, London, UK