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)