Appointment of advisers to assist with divestment

RNS Number : 6891H

Centaur Media PLC

19 November 2018

 

19 November 2018

Centaur Media Plc

("Centaur" or "the Group")

 Appointment of advisers to assist with divestments

Centaur, an international provider of market intelligence and specialist consultancy, announces that it has appointed Livingstone Partners ("Livingstone") and Cavendish Corporate Finance ("Cavendish") as advisers to assist with its divestment programme.  

As announced in October, following a strategic review Centaur is accelerating the simplification of the Group's structure to improve operational execution and to focus attention on the leading brands within its marketing division.

Livingstone has been appointed to advise on the potential sale of The Lawyer, which operates a digital platform to provide intelligence and analysis to the global legal market. Livingstone is an international mid-market mergers & acquisitions adviser with offices in Beijing, Chicago, Dusseldorf, London, Los Angeles, Madrid and Stockholm. The firm has advised on more than 900 transactions and has a team dedicated to media and technology.

Cavendish will advise on the potential sales of Centaur's events division, including the Business Travel Show, The Meetings Show, Sub Con and Employee Benefits, and of its financial services division, which includes Money Marketing, Mortgage Strategy, Platforum, Taxbriefs and Headline Money. Cavendish is a leading adviser to mid-market companies in the UK, advising exclusively on sell-side M&A. It has advised on the sale of more than 600 companies since it was founded in 1988 and is a member of Oaklins, the international mid-market adviser with offices in over 40 countries worldwide.

Andria Vidler, Chief Executive, said: "Centaur has made substantial progress this year and these appointments will help us to deliver on our strategy to create a more focused business with good opportunities to grow its revenues and margins. We will work with our advisers to explore divestment possibilities and ensure that shareholder value is maximised."

Enquiries

Centaur Media                                                                                                 020 7940 4000                                 

Andria Vidler, Chief Executive Officer

Swag Mukerji, Chief Financial Officer

Teneo                                                                                                               020 7420 3144

Paul Durman/Rosie Oddy/Rebecca Hislaire

Livingstone Partners                                                                                     020 7484 4700

Patrick Groarke/Nick Field

Cavendish Corporate Finance                                                                     020 7908 6000

Linda Sullivan

Notes to Editors

Centaur

Centaur is an international provider of market intelligence and specialist consultancy that inspires and enables people to excel at what they do, raising the standard for insight, interaction and impact.

Leading brands include: Econsultancy, Marketing Week, Festival of Marketing, MarketMakers, Creative Review, Celebrity Intelligence, Fashion & Beauty Monitor, Money Marketing, Platforum, The Lawyer, Employee Benefits, The Engineer, Subcon, Oystercatchers, the Business Travel Show and The Meetings Show.

 

END

 

 

APPGCBDBSUBBGII