Centaur Media Plc sells financial services division to Metropolis

April 1, 2019 — Fusion DigiNet

centaur-logoCentaur Media has sold its financial services division to Metropolis Group for £5 million.

The disposal follows Centaur’s decision last October to explore the divestment of its smaller businesses in order to simplify the Group’s structure and to focus management resources on its leading brands.

Metropolis has paid £5 million in cash for the division sold. Centaur will consider the best use for the proceeds following the completion of its divestment review.

Centaur’s financial services division comprises a portfolio of leading multi-channel publishing and content brands, including Money Marketing, Mortgage Strategy, Platforum, Taxbriefs and Headline Money. These brands generate advertising and other revenue by serving a range of audience segments within the financial services industry, including financial advisers, mortgage brokers, accountants and asset managers.

Andria Vidler, Chief Executive of Centaur, said, “This disposal continues the simplification of Centaur, further reducing our advertising exposure and allowing us to focus on developing products and services with stronger recurring revenues. A simpler group structure will allow us to deliver efficiencies and other operational benefits.

“Our financial services portfolio which includes Money Marketing has played a key role in the development of Centaur over the years, and I want to thank the teams for all their hard work. I am pleased that Metropolis sees the potential to develop the business further.”

Robert Marr, Chief Executive of Metropolis Group, added, “The acquisition continues the development of Metropolis and aligns with our vision of delivering sustainable profitable futures for well-managed media brands. We look forward to working together with the financial services team to further develop these long-standing market-leading brands.”

For the year ended 31 December 2018, Centaur’s financial services business made an adjusted operating profit of £1.2m, up from £0.6m in 2017, on revenues of £8.2m (2017: £8.9m). At 31 December 2018, the business had gross assets of £2.3m.

UK, London

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Euromoney acquires BoardEx and The Deal for $87.3M

December 7, 2018 — Fusion DigiNet

EuromoneyEuromoney Institutional Investor plc is to acquire BoardEx and The Deal for $87.3 million, funded from its existing facilities.

BoardEx is an executive periling and relationship-mapping platform. It provides its users with detailed profiles of over one million of the world’s business leaders. The Deal is an information, data and intelligence platform. In the US, its digital subscription is one of the leading brands on the market in deal-driven intelligence. By combining the two platforms and integrating them with Euromoney’s existing portfolio, the company aims to create a powerful workflow tool to serve multiple industries.

CEO of Euromoney, Andrew Rashbass, said, “I am excited by the acquisition of BoardEx and The Deal, which brings two additional high-quality assets into Euromoney’s portfolio and supports our transition towards a next generation 3.0 business model. The businesses are perfectly placed to grow further under Euromoney ownership, with the Group’s existing data expected to enhance the BoardEx platform. We look forward to working with the management team and our new colleagues around the world to develop these leading brands and take advantage of the compelling growth opportunities they offer.”

UK, London & USA, New York, NY

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Centaur Media Plc to divest digital platform, events & financial services divisions

November 19, 2018 — Fusion DigiNet

centaur-logoFollowing a strategic review, Centaur, the international provider of market intelligence and specialist consultancy, is accelerating the simplification of the Group’s structure to improve operational execution and to focus attention on the leading brands within its marketing division.

Centaur is looking at the potential sale of The Lawyer, which operates a digital platform to provide intelligence and analysis to the global legal market; of its events division, including the Business Travel Show, The Meetings Show, Sub Con and Employee Benefits, and of its financial services division, which includes Money Marketing, Mortgage Strategy, Platforum, Taxbriefs and Headline Money.

Andria Vidler, Centaur Chief Executive, said, “Centaur has made substantial progress this year and these appointments will help us to deliver on our strategy to create a more focused business with good opportunities to grow its revenues and margins. We will work with our advisers to explore divestment possibilities and ensure that shareholder value is maximised.”

UK, London

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A Fusion Deal: Integer Research sold to Argus Media

October 19, 2018 — Fusion DigiNet

ArgusInteger Research an independent provider of specialist market intelligence and analysis, consultancy services and conferences has has been sold to Argus Media, the global energy and commodity price reporting agency. Fusion Corporate Partners acted as corporate advisor for Integer Research. The Fusion team was led by Paul Kelly, Director at Fusion. The terms of the deals were not disclosed.

Integer provides the fertilizer, wire and cable, and emissions control markets with specialist economic and financial analysis, market forecasts, strategy, and benchmarking information, as well as global conferences.

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Paul Kelly

Speaking about the sale, Fusion’s Paul Kelly said, “I’ve known Integer Directors Tim Cheyne, and Oliver Hatfield for four years; I met their third partner, Philip Radbourne at the start of the process. They are a highly professional team with great industry knowledge and expertise. Integer is a great fit with Argus and they will do very well. I wish them every success”.

Integer Managing Director Tim Cheyne added, “This is a natural cultural and strategic fit for Integer and we are excited to build on Argus’ existing global expertise in commodity markets and leverage its technology and platform strengths to the benefit of our customers.”

Argus Media Chairman and Chief Executive Adrian Binks said, “Argus’ acquisition of Integer will expand the range and depth of services we offer to our customers. Integer has a unique product offering and this, combined with Argus’ global reach and scale, will offer users powerful market intelligence and insight.”

Argus first entered the global fertilizer markets with the acquisition of price reporting and events business FMB Consultants in 2011. A company sale project also managed by Fusion Corporate Partners. In 2014 Fusion sold Metal Pages to Argus.

UK, London

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Other Fusion Deals:

Media & Business Information

Exhibitions & Conferences

Business Support Services and Energy & Environmental Services

 

MORE FUSION DEALS

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AgriBriefing rumoured to be up for sale

June 7, 2018 — Fusion DigiNet

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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