M&A Deal Summary

Cinven Acquires IPC

On January 6, 1998, private equity firm Cinven acquired publishing company IPC from RELX Group for 860M GBP

Acquisition Highlights
  • This is Cinven’s 5th transaction in the Publishing sector.
  • This is Cinven’s 24th largest (disclosed) transaction.
  • This is Cinven’s 58th transaction in the United Kingdom.
Investment Fate
  • IPC was sold to a strategic buyer in 2001 for 1.2B GBP.

M&A Deal Summary
Date 1998-01-06
Target IPC
Sector Publishing
Buyer(s) Cinven
Sellers(s) RELX Group
Deal Type Divestiture
Deal Value 860M GBP

Target

IPC

United Kingdom
IPC Ltd. is a publisher of consumer magazines in the UK, published 67 titles in 26 market sectors including women's weeklies, home interest, fashion and TV weeklies.

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Buyer(S) 1

Buyer

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.

DEAL STATS #
Overall 76 of 181
Sector (Publishing) 5 of 10
Type (Divestiture) 13 of 35
Country (United Kingdom) 58 of 87
Year (1998) 1 of 1
Size (of disclosed) 24 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 Newsquest

United Kingdom

Westminster Press's failure to take advantage of technological advances presented Cinven with an opportunity for value enhancement.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-03-01 NCA Group

Colchester, United Kingdom

NCA Group Ltd is a provider of car auctions services through its auction centers in the United Kingdom.

Sell -

Seller(S) 1

SELLER

RELX Group

London, United Kingdom

website

Category Company
Founded 1903
Sector Information Technology
Employees33,000
Revenue 7.2B GBP (2021)
DESCRIPTION

RELX Group is a global provider of information and analytics for professional and business customers across industries. The group serves customers in more than 180 countries and has offices in about 40 countries. Company leverage a deep understanding of our customers to create innovative solutions which combine content and data with analytics and technology in global platforms. It employs approximately 30,000 people of whom almost half are in North America. RELX was founded in 1903 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 9
Sector (Publishing) 1 of 2
Type (Divestiture) 1 of 9
Country (United Kingdom) 1 of 3
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-23 Chilton Business Group

Radnor, Pennsylvania, United States

Chilton is a publisher of trade magazines. Other assets include the Professional Exposition Management Company, a tradeshow organizer and Chilton Research Services, which provides research services.

Buy $447M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Endeavor Information Systems

Des Plaines, Illinois, United States

Endeavor Information Systems Inc. has pioneered the development of advanced library management software systems. In use at more than 1600 institutions worldwide, Endeavor’s full suite of products offer superior functionality coupled with intuitive interfaces that increase usability and efficiency.

Buy -
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