US Investor Hangs ‘For Sale’ Sign Over Centaur

28 March 2001

Centaur Communications, the publisher of such ad and marketing industry ‘bibles’ as Marketing Week, Precision Marketing, Design Week, Creative Review, New Media Age and a string of specialist and consumer titles, has been pushed by its largest shareholder into putting itself up for sale.

Following the recent shelving of Centaur’s plans for an IPO - against a background of turbulence in media shares - US investment bank Veronic Suhler declared an urgent desire to cash-in its 22% stake in the publishing and exhibitions group.

Campaign, the ad industry weekly published by Centaur’s deadly rival Haymarket, could scarce contain its glee: “A number of UK venture capitalists are said to have looked at the company with a view to breaking it up and separating its publishing operations from its exhibitions arm,” it gloated.

Campaign named one such speculator as Hicks Muse Take & Furst, a private equity firm, also said to be interested in acquiring Emap Business Communications – a business not known to be on the market.

News Source: CampaignLive (UK)