Acuris acquires Sparkspread

AcurisAcuris, the BC Partners and GIC backed provider of data, research, intelligence and analysis, has acquired SparkSpread, an online news service providing intelligence on M&A and financing in the global energy business. The financial terms were not disclosed.

 

New York-headquartered SparkSpread was founded by journalists Will Ainger and Victor Kremer in 2005. It will become part of Acuris’ Infrastructure division.

“We are excited to welcome the acclaimed SparkSpread team to the growing Acuris family,” said Hamilton Matthews, CEO of Acuris. “We have been considering ways to broaden our energy sector coverage for asset managers, fund investors and advisors alike. We look forward to collaborating with Will and Victor to achieve this.”

 

UK, London & USA, New York, NY

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Informa completes the takeover of UBM

InformaInforma has completed the takeover of UBM. The new Informa Group will employ more than 11,000 people. It will own and operate a portfolio of more than 500 exhibitions brands in 15 industry verticals including Health & Nutrition, Life Sciences & Pharma, and Real Estate & Construction. In addition, it will own a portfolio of confex/conference brands, a range of specialist information and intelligence brands; plus have capabilities in B2B consulting and marketing service.

The board of Informa will be as follows:

  • Derek Mapp (Non-Executive Chairman)
  • Greg Lock (Deputy Chairman)
  • Stephen A. Carter CBE (Chief Executive)
  • Gareth Wright (Group Finance Director)
  • Gareth Bullock (Senior Independent Non-Executive Director)
  • Mary McDowell (Non-Executive Director)
  • David Wei (Non-Executive Director)
  • Helen Owers (Non-Executive Director)
  • Cindy Rose (Non-Executive Director)
  • Stephen Davidson (Non-Executive Director
  • David Flaschen (Non-Executive Director)
  • John Rishton (Non-Executive Director)

Company announcements:

Previous reporting

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 Ascential acquires WARC for £24M

ascentialMedia and events business Ascential plc has acquired WARC Limited for an initial cash consideration of £19.5m, plus deferred consideration of £4.5m payable in 2019.  The acquisition is expected to complete on 2 July 2018.

WARC is a digital subscription business that helps brands, agencies and media platforms assess marketing effectiveness across all channels.  It provides information and insight to understand and measure multi-channel advertising effectiveness.  Founded in 1985, the business offers advertising best practice, evidence and insights from the world’s leading brands.  The business employs approximately 90 people with offices in London, Washington DC and Singapore and serves approximately 1,200 customers globally. 

In the year to 31 March 2018 WARC generated unaudited revenue of £10.8m (a growth of 10%) and EBITDA of £2.2m.  Gross assets at 31 March 2018 were £9.6m

Duncan Painter, CEO of Ascential, commented: “Ascential enables its customers to win in the digital economy.  WARC is an important step forward as we continue to grow our digital offering, adding breadth and depth to our marketing proposition.  Alongside Cannes Lions’ The Work, our recent digital product launch, we will now have a digital subscription product of scale encompassing both creative excellence and marketing effectiveness.”

UK, London

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American Media acquires celebrity and kids group titles from Bauer Media USA

American Media IncAmerican Media, Inc., has agreed to purchase the celebrity group and the teenage and kids group of Bauer Media USA. Details of the transaction were not disclosed but it is expected to close on or about July 1, 2018. With this agreement, AMI will take ownership of the complementary print and digital properties for the 13 brands within these two groups. Titles such as In Touch, Life & Style, Closer, J-14 and Teen Boss will round out AMI’s current portfolio.

AMI owns and operates the leading print and digital celebrity and active lifestyle media brands in the United States. AMI’s titles include Us Weekly, OK!, Star, Men’s Journal, Muscle & Fitness, Mr. Olympia Contest, National Enquirer and other celebrity titles. AMI also manages nine different digital sites including Usmagazine.com, OKmagazine.com, RadarOnline.com, MensJournal.com, MuscleandFitness.com and other digital and social properties. AMI’s magazines have a combined total circulation of 5.3+ million and reach more than 51 million men and women each month. AMI’s digital properties reach approximately 60 million unique visitors monthly.

Chairman and CEO David J. Pecker, said, “It gives me great pleasure to announce this acquisition which provides AMI with an extraordinary opportunity to further build upon the success of our entertainment group. AMI has built an award-winning portfolio of celebrity brands second to none in the industry. Our leadership team will remain focused on growth, innovation and continued disruption with today’s changes designed to further reinforce our leading position in the publishing industry and foster remarkable storytelling across all of our brands and platforms.”

USA, New York, NY & Englewood Cliffs, NJ

Bridgepoint Development Capital to acquire Private Equity International

BridgepointBridgepoint Development Capital is to acquire a majority stake in PEI Media – the global provider of insight, market-data and business conferences for professionals active in alternative asset class investment. Details of the transaction were not disclosed. The business is being acquired from its founders, management and minority shareholder, LDC.

PEI Media focuses on private investment markets in real estate, infrastructure, private equity, and private debt – including specialist sector-specific activities within those private asset markets. The group has developed deep connections with international sources of alternative investment capital since its inception in 2001. Clients served include public sector and company pension plans, insurance groups, endowments and family offices – as well as leading private-asset fund managers who raise and deploy capital raise from institutional investors.

PEI was formed following a management buyout from Euromoney Institutional Investor plc. It has grown a diversified portfolio of alternative asset-focused publications, databases and branded events. Headquartered in London with offices in Hong Kong and New York, the company currently employs around 180 people and has clients based in over 80 countries. The company’s publications include PERE, Infrastructure Investor, Private Debt Investor, Private Equity International, Real Estate Capital, Private Funds Management, Agri Investor and Secondaries Investor, amongst others.

BDC Partner Robin Lawson said, “PEI is recognised for its differentiated insight into the worlds of multiple alternative asset classes. As investors look for higher yields, continued inflows into these classes means that there is growing demand for the information, analysis and event-networking opportunities of providers like PEI. Today’s investment by BDC will support the continued international expansion of the business as well as further development of its technology platform and digital product set. Our aim in working with PEI’s management will be to ensure that it remains best-placed to scale its digital offering in a growing market and deliver progressive evolution of its specialist-brand in line with advancing client needs. In this way, we expect that increasingly sophisticated customers, both existing and new, will remain able to access the information and market connections they increasingly need to be successful in their global alternative investment strategies.”

UK, London

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CloserStill acquires majority stake in Masie Productions’ “Learning Conference”

CloserStillCloserStill Media, the London-based exhibition and conference organiser, has entered a joint venture with Masie Productions to produce future editions of the Learning Conference in Orlando. The terms of the transaction were not disclosed.

The Learning Conference draws around 2,000 delegates from the technology and corporate learning sectors each year and more than 40 commercial sponsors in the learning and technology field. In 2017, former First Lady Michelle Obama and actor John Lithgow were keynote speakers and Leslie Odom Jr., author of “Failing Up”, and star of Broadway hit musical Hamilton and author Dan Pink will head the international speaker faculty of ‘Learning 2018’ in November.

Elliott Masie is among the most well-known figures in the global eLearning industry. He is founder of the Masie Center, an international learning lab, and chair of The Learning Consortium, a 20 year old collaboration of Fortune 500 companies. Under the new partnership with CloserStill, Masie will continue to lead the programme curation and act as host for the Learning Conference for the new JV company – CSM Learning, LLC.

A new focus on disruptive technologies will form part of Learning 2018, with the introduction of Tech @Learning – a multi-strand content programme focussing on adaptive learning, artificial intelligence and machine learning, emerging assessment technologies, chatbots, immersive realities, edTech and venture innovations.

CloserStill’s Learning Group Director, Mark Penton, said: “We are thrilled and honoured to be working with Elliott and his team. Elliott is an innovator and a disruptor and we feel that our combined global experience in the learning world will make for a very exciting new era for the Learning Conference which we have long admired and respected”.

UK, London & USA, Saratoga Springs, NY

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AgriBriefing rumoured to be up for sale

AgriBriefingBetaville is reporting that agribusiness media, price reporting and intelligence company AgriBriefing is about to be sold by its private equity owners, Lyceum Capital.

AgriBriefing creates and sells prices for eggs, red meat and animal feed and publishes the Farmers Guardian. The company also runs Britain’s largest farm machinery and equipment show – Lamma.

Reports suggest that Lyceum is unlikely to begin a sale process until later this year or early 2019 as it has just appointed Raymond James to carry out a strategic review.

UK, London

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