Media 10 acquires Pro Publishing Media & Events

Media 10Media 10 has acquired Pro Publishing Media & Events Ltd, originally founded by Clara Perry in 2007. The terms of the transaction were not disclosed.

The acquisition will bolsters Media 10’s offering within the kitchen and bathroom sector. Brands include luxury consumer magazine Utopia Kitchen & Bathroom, trade magazine Designer Kitchen & Bathroom, and the Designer Kitchen & Bathroom Awards event. Digital brands kb-eye.com and kb-network.co.uk also form part of the portfolio, as well as The d List, the Designer Guides and the Utopia Supplements.

All brands will continue to be headed up and managed by Perry under a directorship role of the newly formed kitchen and bathroom division at Media 10 Ltd.

Media 10 CEO Lee Newton said, “With over a million people visiting our events each year from both the trade and consumer markets, we are delighted to be able to join forces with Clara and her excellent team; this partnership puts us in a unprecedented position where all products can take advantage of each other’s strengths to continue to build strong brands across all media platforms within the kitchen and bathroom industry.”

UK, Loughton & Colchester

Private equity group Epiris buys NME publisher Time UK

EpirisPrivate equity group Epiris‘s Fund II has acquired Time UK from US media group Meredith Corporation, a month after Meredith purchased the magazine publisher. The terms of transaction were not disclosed.

Time UK’s portfolio encompasses more than 50 well-known brands, including NME, Country Life, What’s on TV, Woman’s Weekly and Wallpaper, and operates across multiple platforms – print, online, mobile, TV and experiences.

The company is led by CEO and PPA Chairman Marcus Rich, who joined TIUK in 2014 from DMG Media. Sir Bernard Gray, who is Chairman of New Scientist and formerly Non-executive Director of Immediate Media and Chief of Defence Material at the Ministry of Defence, will become Executive Chairman.

Alex Fortescue, Managing Partner of Epiris, said, “This deal is a complex corporate carve-out of the type in which we specialise. The business itself offers plentiful scope for transformation through operational improvement and M&A. We are thrilled to have got Fund II off to such a strong start.”

Chris Hanna, partner at Epiris, said, “At its heart this is a diverse, robust and cash-generative business. We intend to bring clarity and simplicity to it, to focus on maximising the potential of its high-quality portfolio.”

UK, London & USA, Des Moines, Iowa

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Newsquest to acquire regional media company CN Group

NewsquestNewsquest Media Group Ltd. is to acquire Cumbrian-based media company CN Group in a deal which is part of a larger, scaled operation by the board to better protect the long term future of the group, its staff and its pensioners. The business sold two of its local radio stations to Global Radio in the autumn. The terms of this transaction were not disclosed, but it is expected to complete shortly after shareholders meet on 9th March.

CN Group runs print, digital and event brands covering Cumbria, Northumberland, north Lancashire, and the Scottish Borders including several award-winning papers such as the News & Star, Cumberland News, Times & Star, The Whitehaven News, The Mail and Hexham Courant.

It also has a magazine division that includes Cumbria Life, Taste Cumbria, Bay Living, in-Cumbria, Dumfries and Galloway Life, runs the Choose Cumbria marketing campaign, and events arm CN Events and a print division. It employs 324 people.

Henry Faure Walker, Newsquest chief executive, said: “We look forward to the opportunity of working with the CN Group, its staff and the community it represents in building on their great local brands and publishing expertise, and helping them forge a strong future. We will endeavour to support them with the scale and resources that Newsquest can provide, whilst enabling them to carry on what they have done so well for many years – namely providing first class content and advertising solutions for the people and businesses of Cumbria and the wider region.”

UK, Weybridge & Carlisle

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Hearst UK acquires wellbeing events and watch brands from Telegraph Media Group

Hearst UKPublisher Hearst UK has agreed a deal with Telegraph Events to acquire Be:FIT, the UK’s largest and leading fitness and wellbeing festival for women, Salon QP, the UK’s premier luxury watch fair and QP Magazine, the UK’s leading luxury watch magazine. The deal is part of Hearst UK’s strategic commitment to grow and diversify revenues. The terms of the transaction were not disclosed.

Be:FIT, Salon QP and QP Magazine will join a portfolio of brands and events targeting consumers interested in luxury and health & wellness from titles such as Women’s Health, Men’s Health, Esquire, Harper’s Bazaar and ELLE to events such as Esquire Townhouse, Cosmopolitan Self Made and Country Living Fairs.

Victoria Archbold, Managing Director of Events and Sponsorship at Hearst Live, said: “This deal plays to the strengths of our brands and is a perfect fit for our publishing and events business. We are seeing unprecedented growth in experiential events – our attendance levels doubled last year primarily because our consumers are so engaged in our brands and those we choose to work with. From a commercial perspective, we have created successful collaborations with a number of like-minded brands that have delivered a great return on investment. Expanding our events portfolio will enable us to create more of these brand partnership platforms.”

UK, London

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Terrapinn acquires Science Media Partners

terrapinnTerrapinn, the global events company, has acquired Science Media Partners, an international events and publishing company based in the UK and focused on next-generation government, citizen and consumer-based identity solutions. The terms of the transaction were not disclosed.

SMP’s portfolio of products includes the world-leading events – SDW 2018 and connect:ID – as well as the highly-respected news and information web portals – http://www.planetbiometrics.com and www.securitydocumentworld.com .

Terrapinn’s CEO, Greg Hitchen, said: “Science Media Partners fits really well with our enterprise technology portfolio and our style of event. There is also a strong cultural and entrepreneurial fit. And the events are world-class.”

UK, London

 

KHL Group acquires Diesel & Gas Turbine Publications

KHL GroupGlobal construction information publisher KHL Group is acquiring the USA-based publisher Diesel & Gas Turbine Publication Group. USA-based D&GTP, founded in 1935 and located in Wisconsin, is a leading publisher of information for the on-highway, off-highway, stationary and marine engine-powered equipment markets. It focuses on the construction and agriculture, power generation and commercial vehicle equipment sectors through its North American magazine Diesel Progress and globally through Diesel Progress International. The terms of the transaction were not disclosed.

D&GTP directors Mike Osenga and Mike Brezonick have built an international reputation for their magazines, directories and websites. They will continue to lead the company while working closely with Trevor Pease, KHL Americas’ President and James King, Managing Director of KHL Group.

James King explained, “This is a fantastic opportunity for KHL to grow by acquiring three market leading publications, digital media and directories. Diesel Progress has a great brand, great heritage and is run by great people. We will build upon the company’s clear strengths and make it even stronger. Massive technological and environmental changes are underway in the design of engine powered equipment. A trusted source of global information is needed now more than at any time in the past.”

UK, Wadhurst & USA, Waukesha, WI

Aurelius acquires Connect Group’s Books division for £11.6M

Aurelius EquityAurelius Equity Opportunities the pan-European mid-market investor, has bought Connect Books from the specialist distribution company Connect Group Plc for £11.6 million. The sum includes an expected deferred consideration of £1.05 million.

Connect Books is a multi-channel wholesaler, distributor and retailer of printed and digital books, with operations in UK, the Netherlands, and France. The business has projected revenues of approximately EUR 250 million for 2017. The transaction is subject to the approval of the competition authorities and is expected to close in January 2018.

Connect Books is comprised of the six distinct brands Bertram Books, Wordery, Dawson Books, Erasmus and Houtschild, and Bertram Library Services. On completion, Connect Books will be rebranded back to Bertram Group.

Dirk Markus, CEO of Aurelius, commented: “We are very pleased to announce our acquisition of Connect Books, an established, global business and one of the market leaders in its sector. This acquisition is a further demonstration of AURELIUS’ position as a preferred partner for corporates seeking a complex carve-out of a non-core business”.

Germany, Munich & UK, London