Wed, 28 Mar 2012 | BUSINESS SALE
Used car data provider CAP looks set to be sold by its parent company Emap for an estimated £150 million.
City sources stated that the publishing and events group has been in discussions with bankers regarding a disposal of CAP. Boutique corporate finance house Moelis & Co is the likely candidate to work on the sale.
Emap appointed a new chief executive – Duncan Painter from BSkyB – late last year. Since joining the firm, Mr Painter has undertaken a review of Emap's businesses. Earlier this month we reported that in addition to the potential sale of CAP, there have been rumours that the firm will also sell off its magazine division.
Advisers from Hawkpoint have now been requested by Emap and its owners – the Guardian Media Group and private equity firm Apax – to track down a buyer for the business's magazine assets.
Reports in the Telegraph suggest that the sale of the publishing arm of the company will generate in the region of £35 million.
While a full break up is unlikely, the sale of further profitable assets could be on the cards as Emap looks to pay down its debt. Mr Painter is due to brief staff about the company's strategy later today (Wednesday, 28 March).
This business opportunity presents a solid foundation for expansion within the aviation sector, backed by a strong management team and a robust client base spanning over two decades.
An exciting opportunity to acquire a well-established business specialising in recruitment, with a proven track record in connecting top talent with leading employers.
This is a unique opportunity to acquire a business specialising in labour recruitment and personnel provision, known for its reliable workforce solutions across various industries.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.