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Transactions / D•••••

16 August E••••••• sells D••••• to F••••• plc

Exit to a strategic buyerannouncedannouncement date unknownFact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
consumer / consumer
Target location
NY, US
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
5 named
Buy side
  • F•••••Strategic acquirerconfirmed
    E••••••• announces that it has reached an agreement to sell D•••••, the leading international media group and publisher of The Week in the US and the UK, to F••••• plc (“F•••••”), the global platform for specialist media, for a Purchase Price of £300m( 1).
  • D•••• M•••••••, Partner at E•••••••, said: "It has been a privilege to partner with J•••• T•• and his team.
Sell side
  • E••••••• acquired the business in 2018 from the estate of Felix D••••• in partnership with an accomplished management team, led by CEO J•••• T•• and Non-Executive Chair, Jack Griffin, a highly experienced US media executive who has held leadership roles at Meredith, Tribune Media and Time Inc. The i
Side not stated
  • J•••• T••Managementconfirmed
    J•••• T••, CEO of D•••••, said: "In the three years that the business has been owned by E•••••••, D••••• has been on an incredible growth journey, delivering double digit increases in subscription revenues, a greatly increased US footprint; and significant bottom-line increases.
  • D•••••Targetconfirmed
    E••••••• announces that it has reached an agreement to sell D•••••, the leading international media group and publisher of The Week in the US and the UK, to F••••• plc (“F•••••”), the global platform for specialist media, for a Purchase Price of £300m( 1).
Evidence
E••••••• announces that it has reached an agreement to sell D•••••, the leading international media group and publisher of The Week in the US and the UK, to F••••• plc (“F•••••”), the global platform for specialist media, for a Purchase Price of £300m( 1).
16 August E••••••• sells D••••• to F••••• plc | Private Equity Intelligence | DFX