News this week: Reed Elsevier’s
subsidiary, Reed Business Information
(RBI), announced an agreement was reached to sell Reed Business Information
Australia (RBI Australia) to leading Australasian private equity firm Catalyst Investment Managers Pty Ltd.
Terms of the transaction were not disclosed.
According to RBI, the decision to sell RBI Australia
reflects RBI’s increasing focus on paid content models and data services. RBI
Australia is the largest B2B media company in Australia, consisting of
publications, websites and online industry portals providing information to
professionals in various industries.
Trent Peterson, Managing Director of Catalyst said, “The
important role of leading and niche publications with multi-channel operations
and deep reach into target audiences is only increasing. RBI Australia’s broad
portfolio of titles and formats, spanning a wide range of channels to market
and industry verticals, puts the Company in a strong position to deliver
outstanding results for its customers.”
The transaction is expected to complete in the next three
weeks.
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