Mark Allen Group completes acquisition of 12 UKi Media magazines

Mark Allen GroupThe Mark Allen Group has acquired 12 magazines in the aviation, automotive and transport, and entertainment sectors from owner UKi Media & Events. The terms of the transaction were not disclosed.

They are: Business Airport International, Business Jet Interiors International, Aircraft Interiors International, Aerospace Testing International, Air Traffic Technology International, Industrial Vehicle Technology International, Traffic Technology International, Electric & Hybrid Vehicle Technology International, Vehicle Dynamics International, Railway Interiors International, Stadia and Auditoria.

The magazines will trade in a newly-formed company, MA Aviation and Auto International Limited. The 22 transferring staff, will be based in the group’s business offices in Hawley Mill, Dartford in Kent.

Chairman of the Mark Allen Group, Mark Allen, said, “I am delighted that, after five months of negotiations, we have finally completed this deal. I would like to thank owner Tony Robinson and managing director Graham Johnson for helping to navigate this difficult process to such a successful outcome. Above all, I want to compliment the staff, whom we have started to get to know, for their patience and engagement. They are a very committed and talented group and we greatly look forward to working with them.”

UK, London & Dorking

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IHS to acquire global automotive information business R.L. Polk & Co. for $1.4BN

ihs_logo_mpIHS is to acquire R.L. Polk & Co., a provider of automotive information and analytics solutions for $1.4 billion. 90% cash and 10% equity. The stock issuance has a 2-year lock up. 50% of shares can be sold after year one and 100% of shares can be sold after year two

R.L. Polk is headquartered in Detroit and has $400 million of current annual revenue, 75% recurring revenue with 90%-plus renewal polkrates. 60% of its revenues come from the CARFAX brand and 40% from the Polk Division.

The company is principally focused in North America, with 9% of sales in EMEA and 3% in APAC. It has an adjusted EBITDA margin in mid-20 percent range.

USA, Englewood, CO & Detroit, MI

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