Updated: Slate of B2B acquisitions announced today, two big and one small:
— UK-based publisher United Business Media (owner of CMP and PRNewswire) continues on its acquiring spree as part of its transformation: it has bought trade and transport information firm Commonwealth Business Media for $152 million in cash from private owners RFE Investment Partners, Bariston Partners, the Economist Group, ABRY Partners and Commonwealth’s management. Its products include PIERS Global Intelligence Solutions, an online database of import and export information on cargoes, and BACK Aviation Solutions, a provider of consulting and data information services to the aviation industry.
In the year to September 2005, Commonwealth had revenues of $55.6 million and EBITDA of $12 million. More than 60 percent of revenues were derived from data and online products. The company was founded in 2000 from a management led buyout of Primedia Information’s Directory Group.
— Former Cygnus Publishing President Richard Reiff has acquired Reed Business Information’s New Products division and formed a new media company called Advantage Business Media. Reiff is CEO of the new company, and former Cygnus VP-group publisher George Fox is president. They are being bankrolled by New York private equity firm Catalyst Investors. The division, which has a total circulation of 1.3 million, has revenue “north of $50 million,” Reiff said. He foresees revenue breaking down eventually between 70% print and 30% online.
— Internet Securities, part of Euromoney Institutional Investor, is acquiring “substantially all” of RussiaDeal‘s financial information business based in Moscow. The price was about $0.5 million. RussiaDeal, founded in 2003, compiles details on financial transactions throughout Russia and its neighbouring countries including M&A, equity capital markets, PE and VC activities.
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