Fri, 02 Mar 2012 | DIVISION SALE
Emap is mulling the sale of its magazines and conferences businesses as it considers a restructuring process.
No decisions have yet been made and the potential sale would not signify a break up of the company. Emap is mainly focused on data and events, and its publishing business is comparatively small.
The company started a strategic review on its operations close to the time when its new chief executive, Duncan Painter, joined at the end of last year.
Since then it has moved its largest conferences, including World Retail Congress, into its successful exhibitions business. The smaller magazine-related conferences have been transferred into Inform, the arm that publishes trade magazines Retail Week, Drapers and Nursing Times amongst others.
Apax and Guardian Media Group purchased Emap in 2008 for £1 billion. Its hefty debt pile and the adverse effects of the recession on trading - leading to falling advertising revenues and subscriptions - have hit the business-to-business publisher.
Mr Painter told The Telegraph that the company is aiming for growth, though he was in discussions with possible advisers.
He commented: “Since I have arrived I have had at least 20 firms come to visit me. At the end of the day, we are owned by private equity investors, so if someone turns up and offers a fortune, sure we would sell it to them.”
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
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.