More On Reed Business: Apax Considering A Bid
By Rafat Ali - Fri 22 Feb 2008 04:19 PM PST
As I chalked out on some of the possible options yesterday for Reed Business, it seems Apax is already considering a bid, according to Times UK. UBS has been appointed to advise on the divestment.
Then others I forgot to mention yesterday, on the strategic buyers side: UK-headquartered United Business Media, owner of CMP, and of course Reed’s sworn rival Nielsen, though I would imagine Nielsen’s interest would be in some parts, the full RBI. A UBM spokesperson told AP, however, that they wouldn’t bid. “We are not interested in orphaned print products,” said UBM spokesman Peter Bancroft. I would take that with a grain of salt...still very early days.
Posted in: Information, Biz & Fin, VC+M&A, Mergers & Acquisitions
Tags: reed business information, reed elsevier, apax, nielsen
