Tue, 25 Sep 2012 | BUSINESS SALE
UBM, the media group, has put a selection of its data services up for sale, it has been confirmed.
Credit Suisse was appointed to conduct a strategic review of the company's data services division earlier this year, but it was already being discussed internally that a sale was on the cards.
UBM chief executive David Levin blamed the company's less than ideal results in August for the review. But despite noting that the firm had seen a “tough half”, he did highlight that there was still some “really important” strategic growth noted in the same period.
However, the firm is looking to refocus its efforts by scaling back the magazines business and focusing instead of a number of major tradeshows and conferences.
But the data services sector, which expected to be sold for a figure in the region of £250 million, is still in relatively good health. Speaking last month, Mr Levin told the Telegraph: “The position of this business remains absolutely intact. We see opportunities there. We are not coming to this saying data services is challenged. The question is merely where is the best place that we could put the capital to work.
“If we sold the business we would most likely invest the proceeds around events and PR Newswire.”
27 September: Updated to clarify data services for sale, not professional publications
This is a chance to acquire a longstanding and reputable manufacturer of modern concrete garages, with roots dating back to the 1940s.
This well-established haulage company in West Yorkshire offers a strategic location with easy access to major motorway links and a strong, loyal client base developed over 20 years.
This is a rare opportunity to acquire this thriving motor vehicle repair, MOT, and service centre. This professionally run business currently provides the majority of its services to private customers with a small amount of commercial work, which pro...
04
|
Apr
|
WPP buys data collaboration platform InfoSum | BUSINESS SALE
WPP has bought data collaboration platform InfoSum to boost ...
03
|
Apr
|
Cambrian Training Group chooses employee ownership | BUSINESS SALE
Cambrian Training Group is celebrating its 30th birthday by ...
03
|
Apr
|
Mobeus sells investment in Star Brands after boosting EBITDA by 15X | BUSINESS SALE
Equity investor Mobeus has sold its investment in Star Brand...
15
|
Apr
|
UK events organiser on the market | BUSINESS SALE
FC Business Intelligence, which organises events around the ...
16
|
Apr
|
Electra Partners acquires OAG | BUSINESS SALE
Electra Partners, a private equity business, has acquired OA...
28
|
May
|
United Biscuits prepares for snack division sale | DIVISION SALE
United Biscuits is to place its salty snack foods division o...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.